19th Jan 2026 14:32
(Alliance News) - Fintel PLC on Monday said it has completed the acquisition of the Pearson Ham Group's market pricing business, a provider of proprietary pricing data to the UK insurance industry.
The Huddersfield, England-based provider of fintech and support services said the acquisition will be earnings accretive for full year 2026.
"The Pearson Ham Group pricing business is a profitable, growing, cash generative business with a rich historic data set and a strong value proposition that is invaluable to the UK insurance industry," commented Fintel Software & Data Chief Executive John Milliken.
The cash consideration paid of GBP11.0 million consists of an initial GBP7.5 million payment and deferred amounts of GBP2.0 million, payable in April and GBP1.5 million, payable in July.
The deal is expected to generate 2026 revenue of GBP2.6 million and earnings before interest, tax, depreciation and amortisation of GBP0.9 million.
Fintel funded the transaction from existing financial resources.
Shares in Fintel rose 3.5% to 219.50 pence each in London on Monday.
By Jeremy Cutler, Alliance News reporter
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