Accel-KKR agrees £207m swoop for 131-year-old Eleco plc
Summary
Accel-KKR has agreed to buy Eleco plc for about £207 million in cash. Eleco focuses on software and related services for the built environment, including project management, BIM, and property management tools. The company has shifted from perpetual licenses to subscription and SaaS revenue and now gets most of its revenue from recurring subscriptions. Eleco’s board plans to recommend the offer, and shareholders holding 45.2% of the shares already support the deal. The acquisition could help Eleco accelerate growth under Accel-KKR’s ownership.
AskAI Classifications
Sectors
Construction and Infrastructure
Manufacturing Industry
Construction Management
Functions
Communication and Collaboration
Project Management
Linked Companies
Eleco
$10M to $25M