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(Sharecast News) - Software and services firm Fintel has acquired Pearson Ham Group's market pricing business, a provider of proprietary pricing data to the UK insurance sector, for a total consideration of £11m.
Fintel said on Monday that the deal includes an initial £7.5m payment and deferred sums of £2m in April 2026 and £1.5m in July 2026.
The AIM-listed group stated the acquired business was expected to generate £2.6m of revenue and £900,000 of underlying earnings in FY26. After factoring in additional interest costs and tax, the deal will remain net earningsaccretive.
Fintel funded the transaction entirely from existing resources, supported by the competitive debt terms secured in July 2025 under its £120m revolving credit facility.
Chief executive Matt Timmins said: "This acquisition is an important milestone in growing our software and data division. It exemplifies the type of high-quality, synergistic acquisition that we target as part of our strategy - enhancing our capabilities, deepening our market position, and reinforcing our position as the strategic technology and data partner to UK financial services."
As of 1035 GMT, Fintel shares were up 2.83% at 218p.
Reporting by Iain Gilbert at Sharecast.com
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