iomart Group plc agreed to acquire Accesspoint Group Holdings Limited for £6.4 million on December 5, 2023.The initial consideration for the Acquisition is £4.5 million paid in cash on completion on a debt and cash free basis, with a potential further £0.5 million in cash payable on the achievement of certain post-acquisition milestones. The Acquisition also includes up to a further £1.4 million contingent earn-out payment based on the profitability of Accesspoint for the 12 months ending 31 August 2024.The initial consideration will be financed through a combination of existing bank facilities and cash on the Company's balance sheet. The vendors of Accesspoint comprise solely the existing Directors being Richard Roebuck, Victor van Der Poel and Gary Shaw.

Patrick Robb, Virginia Bull, Nick Prowting from Investec Bank PLC acted as financial advisors to iomart Group plc. Paul Webb, James Worrall and Carl Selby of RWK Goodman acted as legal advisor to Accesspoint Group Holdings Limited. Craig Martin, Amer Hussain of BDO International Limited acted as due diligence provider to iomart Group.

Jeffrey Jenner of WTA Partners LLP acted as financial advisor to Accesspoint Technologies.