Eleco Plc (AIM:ELCO) acquired Bestoutcome Ltd. for £5.33 million on June 27, 2023. An initial consideration of £4.825 million in cash (an adjusted initial value of £3.525 million on a cash-and-debt-free equivalent), potential deferred consideration of £0.5 million subject to the BestOutcome management team attaining specific performance targets in 2023 and 2024. BestOutcome reported (SaaS-related) revenues of £2.0 million for the year to December 31, 2022, and profit before tax of £0.2 million, before alignment with Eleco Group Generally Accepted Accounting Principles. BestOutcome will continue to operate under its own brand, known as BestOutcome, an Elecosoft company.

Eleco Plc (AIM:ELCO) completed the acquisition of Bestoutcome Ltd. on June 27, 2023.