DeepVerge plc (AIM:DVRG) acquired Glanaco Limited for £1.1 million on March 16, 2022. Consideration comprising of £0.43 million in cash and £0.65 in equity by issuing 4.55 million shares. DeepVerge used the mezzanine loan facility to fund the transaction. For the year ended December 31, 2021 Glanaco Limited reported Profits before tax of £0.22 milion on turnover of £1.4 million, and net assets of £0.52 million. Neil Baldwin and Andrew Emmott of SPARK Advisory Partners Limited acted as legal advisor and Andy Thacker and James Pope of Turner Pope Investments (TPI) Limited acted as broker to DeepVerge plc.

DeepVerge plc (AIM:DVRG) completed the acquisition of Glanaco Limited on March 16, 2022.