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Acquisition of Crowdtech AB

28th Apr 2026 16:47

RNS Number : 2712C
Visum Technologies PLC
28 April 2026
 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

28 April 2026

VISUM TECHNOLOGIES PLC ("Visum" or the "Company")

Acquisition of Crowdtech AB

Visum Technologies Plc (AQSE: VIS), the technology-focused company, is pleased to announce that it has entered into a share purchase agreement (the "SPA") with Crestpoint Holdings Ltd in relation to the acquisition of the entire issued share capital of Crowdtech AB ("Crowdtech"), a technology development company incorporated and operating in Sweden (the "Acquisition").

Pursuant to the SPA, the Company has agreed to acquire 100% of the issued share capital of Crowdtech for a total consideration of £414,000. The consideration is to be satisfied by the transfer of shares in C&C Gordon Ltd, a wholly owned subsidiary of the Company. C&C Gordon is held at the Company balance sheet at a value of £414,000.

Crowdtech AB was incorporated in 2023 and acquired an established technology development business with existing longer-term international clients. As part of the transaction, Crowdtech assumed a highly experienced development team. The company currently maintains several development and support agreements with international clients and has the capacity to undertake additional project work. In 2024, Crowdtech reported revenue of SEK 2.7 million and a net profit of SEK 55,000.

The SPA provides that the agreement will have economic effect for both parties from 1 January 2026, including income and profit, and the associated risks and liabilities.

The Directors believe the Acquisition will strengthen the Company's in-house development capability, accelerate its AI-focused product roadmap, and enhance its ability to deliver scalable technology solutions to international clients.

ENDS

For further information, please contact:

 

Visum Technologies

Paul Kennedy, CEO

 

[email protected]

First Sentinel Corporate Finance Limited (AQSE Corporate Adviser)

Brian Stockbridge

 

 

[email protected]

+44 20 3855 5551

 

 

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