Ica (Jv) Ltd acquired ITECA LLP from Hyve Group Plc (LSE:HYVE) for £5.8 million on April 8, 2021. Consideration receivable is between £4.8 million and £5.8 million over a five to seven year period. The amount of the consideration and timing of payments varies by reference to the performance of the ITECA. In the financial year ended September 30, 2020, the ITECA generated revenues of approximately £2.1 million and reported an operating loss of approximately £0.6 million. As at September 30, 2020 gross assets were approximately £7.6 million and net assets £2.8 million. Ica (Jv) Ltd completed the acquisition ITECA LLP from Hyve Group Plc (LSE:HYVE) on April 8, 2021.