RP Data (ASX:RPX) closes ValEx Group buy

RP Data (ASX:RPX) closes ValEx Group buy

Property data and information services provider RP Data (ASX:RPX) has completed the acquisitions of ValEx Group and the valuation management software division of Sandstone Technology.

The acquisitions, which were announced in May, had been closed after the ACCC last month announced it did not intend to intervene in the proposed acquisitions.

RP Data paid a combined $46 million for the acquisitions, and will be required to pay an extra $2 million if the acquired companies meet certain targets.

RPX shares have today grown 4.4% to $0.950.

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Tags Mergers and acquisitionsit servicesRP DataASX:RPX

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