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Announced

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Glory completed the acquisition of a majority stake in Acrelec Group, for £172m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Software

Single Bidder

software services

Majority

France

cloud services

Completed

Private

software solutions

Acquisition

Private Equity

Synopsis

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Glory Global Solutions, a cash technology solutions provider, completed the acquisition of a majority stake in Acrelec Group, a provider of software solutions to the food industry, for £172m. “Our investment in Acrelec is another step in the execution of GLORY’s Long-Term Vision 2028. Acrelec’s success in self-service kiosks, click and collect solutions, and drive-through service optimization, together with their expertise in IoT and artificial intelligence, are directly aligned with Glory’s diversification and growth strategy," Motozumi Miwa, Glory President.

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