GB Group completed the acquisition of IDology for $300m.

GBG, a Identity Data Intelligence specialist, completed the acquisition of the entire issued and to be issued share capital of IDology, a US based private company providing identity verification and fraud detection services, for a cash free, debt free enterprise value of $300m. IDology adds a highly complementary capability set to GBG which, alongside GBG's existing solutions, further positions the Group as a global provider of Identity Verification, Fraud Prevention and Location Intelligence services. "We are excited by the compelling strategic rationale behind this acquisition. It enables GBG to quickly expand further into North America, a key growth territory for the business. We have already built an exciting domestic presence in the US with Loqate, our location proposition, and IDology now gives us an excellent platform for both identity verification and fraud prevention," Chris Clark, GBG's CEO.