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GB Group PLC said on Thursday it has acquired DataTools Pty Ltd for A$16 million, approximately £7.9 million. The Chester, England-based software company said the acquisition is to strengthen its ‘existing address verification presence in Australia and New Zealand’. DataTools is a provider of address validation and data quality solutions in Australia and New Zealand. GB Group said the total consideration has been funded from its existing revolving credit facility. Chief Executive Officer Dev Dhiman said: ‘We are delighted to welcome the experienced team at DataTools to GBG. This combination will strengthen our position in the ANZ market and we look forward to combining our capabilities to deliver even greater value to our customers in this region. ‘Efficient and disciplined capital allocation that drives improved returns for shareholders is a core element of GBG’s strategy. We are very pleased to be able to announce this financially attractive bolt-on acquisition, bringing greater scale and expertise in one of our core geographies.’ Also on Thursday, GB Group said its first-half financial results are ‘in line with expectations’ and the company is ‘well positioned’ to increase second-half growth. It expects to report a first-half revenue of £135.5 million, representing 1.8% growth on a constant currency basis. Since the start of financial 2026, GB Group said it has repurchased and cancelled 7.9 million ordinary shares for a total of £19.7 million. The unutilised amount of the current share repurchase programme is £15.3 million, with the programme due to run until November 30, 2025. Dhiman said: ‘The board and I are pleased with the operational execution delivered in the first half, underpinning our confidence into the second half of the year. ‘We successfully delivered our financial plan for the first half and taken together with the strength of our current sales pipeline for the remainder of the year, GBG is well positioned to accelerate growth in the second half and achieve our revenue outlook for the full year consistent with current market expectations. ‘At the same time, clear prioritisation of our transformation towards a single global platform and ongoing performance turnaround in the Americas will provide enduring benefit and improved shareholder value.’ GB Group said it expects to release its half-year results on November 25. Shares in GB Group declined 1.2% to 239.50 pence on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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