Ayima Group AB (publ) (OM:AYIMA B) signed a letter of intent to acquire Uk Linkology Ltd for £3.5 million on January 9, 2024. The initial consideration will be paid with a combination of cash and shares and completion is dependent on suitable financing arrangements being achieved, along with thorough due diligence oversight. The acquisition also contains provisions for an earn-out that will provide strong incentive for profit growth in the following 24 months.

Uk Linkology has reported EBITDA of £1.34 million and revenue of £4.4 million for the financial year ended October 31, 2023. The acquisition is expected to be completed by March 31, 2024.