Journeo plc acquired MultiQ Denmark A/S from Vertiseit AB (publ) for ?2.5 million on September 20, 2023. The total consideration of ?2.5 million was on a debt free cash free basis, being satisfied through the payment of ?2.1 million on completion of the Acquisition, with two deferred payments of ?0.2 million at 12 months and 24 months following completion. The consideration for the shares is ?1.7 million after the repayment of an intercompany balance of ?0.8 million. The acquired net assets are ?1.1 million, with goodwill expected to be ?0.6 million. Management expects MultiQ's revenue for the current year to 31 December 2023 will be approximately ?3.3 million. Katy Birkin and Callum Davidson Cavendish Securities plc acted as financial advisor to Journeo plc.

Journeo plc completed the acquisition of MultiQ Denmark A/S from Vertiseit AB (publ) on September 20, 2023.