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Wilmington PLC - Birmingham, England-based data, information, education and training for governance, risk and compliance markets - Receives foreign direct investment clearance in Spain for the acquisition of regulatory technology software business Professional Group Conversia SLU. Wilmington now expects the acquisition to complete in the next few days as all conditions for completion have been met. Back in August, Wilmington had announced the proposed acquisition of Conversia from investment firm Arraigo Midco SL for €121.6 million. Wilmington Chief Executive Officer Mark Milner says: ‘Conversia significantly extends our international reach in the governance, risk & compliance markets and opens up new opportunities in the regulated and rapidly growing Spanish data privacy market. It is the industry leader in the provision of software and RegTech solutions, helping small and medium-sized enterprises meet legally regulated data privacy compliance requirements. This earnings enhancing acquisition delivers high quality revenue of which more than 70% is annually recurring.’ Current stock price: 300.00 pence each, up 1.7% on Friday afternoon in London 12-month change: down 25% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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