Nottingham software firm reveals £156.5m listing on AIM market

Microlise, the Nottingham provider of transport management software to fleet operators, is set to list on the AIM market of the London Stock Exchange as Microlise Group plc on 22 July 2021.

The Group has raised £61.2m from investors through the issue of shares at a Placing Price of 135p per share, meaning Microlise has been valued at £156.5m.

Established in 1982, Microlise employs 350 people based at its headquarters in Nottingham, as part of a total staff of 500 globally. The firm operates predominantly in the UK and has offices in France, India, and Australia.

Microlise’s transport management software helps fleet operators improve efficiency, safety and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Nadeem Raza, CEO, Microlise, said: “With an established track record of growth, proven management, and a market-leading position in providing technology solutions to fleet operators, Microlise is well set to capitalise on what we believe to be a major growth opportunity. Our customers are under pressure to meet increased environmental regulations and want more integration across supply chains. In addition, the challenges of the pandemic and Brexit have raised even greater awareness of the need to optimise the movement of goods efficiently and sustainably.

“As well as raising the profile of the Group and increasing our ability to attract and retain the best talent, our listing will support the next stage of our development. This development means continued product innovation, growing our international operations, and entering new market segments such as light commercial vehicles. The listing will enhance our ability to serve and support our existing, as well as new customers. We are very excited about the future.”