Online security specialist announces £233m acquisition of US target

Chris Clark
GB Group, the Chester-based global identity data intelligence specialist, is raising £160m through a share placing to buy a US company in a deal valued at £233m. In an announcement to the Stock Exchange earlier this evening (February 11), the group said it was buying IDology, an Atlanta-based private company providing identity verification and fraud detection services. GBG said it will fund the deal through the placing, and approximately £84m in borrowings from new bank facilities. It said it would position the group as "a... For the full story register now for free or login below...