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Wilmington PLC on Tuesday said it has agreed to acquire regulatory technology software business Professional Group Conversia SLU for a total cash consideration of €121.6 million. Wilmington is a London-based publishing firm that provides information and training, specialising in compliance, legal and healthcare publications. Conversia operates across Spain in the governance, risk, and compliance and regulatory compliance market. It provides ‘proprietary regtech documentation generation software solutions, primarily in the data privacy sector’. Wilmington will buy Conversia from Spanish investment firm Arraigo Midco. In the financial year that ended June 30, Conversia generated revenue of €36.6 million and earnings before interest, tax, depreciation and amortisation of €9.3 million. The business has seen double-digit revenue growth rates in ‘recent years’ plus improving profit margins, which Wilmington anticipates will continue. Wilmington will fund the takeover by using £35 million in existing cash resources and £70 million from new debt facilities to be entered into prior to the takeover deal completing. Wilmington added: ‘The acquisition is a further execution of the group’s strategy to expand its positions in the GRC markets, and grow its quality of revenues and profits, both organically and through acquisitions, by investing in its business and actively managing its portfolio of brands. It also expands Wilmington’s position in a new sector, data privacy.’ Completion of the takeover is conditional on the receipt of foreign direct investment clearance in Spain, Wilmington noted, which is expected between eight to twelve weeks from Tuesday. Shares in Wilmington were up 5.0% at 349.76 pence in London on Tuesday morning. The stock is down 11% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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