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Alcidion to acquire Silverlink Software

Alcidion Group Limited (Alcidion) has signed a binding share purchase agreement (SPA) to acquire 100 per cent of the issued capital of Silverlink PCS Software Ltd (Silverlink). 

The acquisition price for Silverlink is GBP30.0 million (AUD55.5 million) upfront in cash, with a further GBP3.0 million (AUD5.5 million) subject to earn-out based on successful renewal of select customers prior to 31 March 2024. 

Concurrently, the Company is raising AUD55 million via a placement, and underwritten accelerated non-renounceable entitlement offer to institutional and retail shareholders.
 

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