02 sep 25   journeo plc - acquisition of crime and fire defence systems journeo plc | jneo | 418 15.5 3.8% | mkt cap: 71.0m    rns number : 5517x journeo plc 02 september 2025   the information contained within this announcement is deemed by the company to constitute inside information as stipulated under the uk version of the eu market abuse regulation (2014/596) which is part of uk law by virtue of the european union (withdrawal) act 2018, as amended and supplemented from time to time.   2 september 2025 journeo plc ("journeo" or the "company")   acquisition of crime and fire defence systems limited   journeo plc (aim: jneo), a leading provider of information systems and technical services to transport operators, local authorities, and the public transport networks that connect them, is pleased to announce completion of the acquisition of crime and fire defence systems limited ("cfds"), a specialist infrastructure protection systems integrator in physical and cyber security solutions to the uk critical national infrastructure, defence and utilities markets ("the acquisition").   the total consideration comprises approximately £10.7m in cash from existing resources, £2m in deferred cash payments repayable in equal amounts after 12 and 24 months following completion and £1m through the issue of new ordinary shares of 6.5p each in the company (the "consideration shares") to the vendors of cfds with a 24-month minimum holding period. it is expected that cfds will have over £1m of cash on completion, resulting in an aggregate cash balance of £9m for the enlarged group post completion of the acquisition.   about cfds   cfds specialise in protection of critical national infrastructure sites including utilities and high security industrial and commercial applications. cfds provide a range of solutions to enhance security infrastructure including cutting-edge access control systems, complex perimeter intrusion detection, and high-performance thermal, infra-red and visual surveillance systems.   critical national infrastructure protection relates to the safeguarding of essential facilities, systems, and networks, such as energy, water, transportation, and communications from threats such as terrorism, sabotage, cyberattacks, and natural disasters; to prevent severe national disruption, impact on national security, or loss of life.   over the last few years, cfds has seen excellent growth in this critical market and brings a strong pipeline, complementing the existing journeo base. cfds's clients include large, multinational companies within the utilities and industrial sectors, offering exciting cross-selling opportunities.   acquisition highlights   for the 12 months ended 30 april 2025, cfds reported audited revenue of £17.33m, pbt of £1.36m and had net assets of £3.93m. the acquisition was conditional upon national security and investment act approval, which was received from the cabinet office on 22 august 2025.   with 4 months of fy25 remaining, it is expected that the acquisition will add £4m revenue and £0.4m pbt to current fy25 market expectations which were group revenue of £52m and adjusted pbt of £5.2m. the acquisition will also have a positive impact on fy26 revenue and adjusted pbt, which are expected to increase by £17m and £1.4m respectively, above current fy26 market expectations of £55m and £5.8m, whilst also prudently allowing for the necessary integration of policies, processes, systems and facilities.   strategic rationale for the acquisition   journeo's strategic acquisition of cfds will add depth and breadth to capabilities in critical 'cost of failure' solutions across public transport, passenger information and vital national infrastructure installations, such as those at major railway stations, international airports and nuclear power generation facilities. over the last 4 years, journeo has invested over £6m in research and development and launched a powerful suite of software-based solutions and services into the fleet operator and local authority markets, which combined with the acquisitions of infotec and multiq denmark in 2023, have helped generate a cagr in revenue of 38% and cagr in profit before tax of 102%.   these foundations, alongside the strong organic growth into established verticals, have highlighted a number of opportunities to take core capabilities into adjacent markets by acquiring profound domain expertise in attractive customer segments, where there are high barriers to entry and significant growth opportunities.   this natural expansion of the strategy opens new avenues for organic growth in areas where journeo's core competencies and leading technologies can be deployed into correlated markets. this aligns with the 3-year goal to take journeo to £100m revenue, with strong margins, and executing via strategies of minimum risk; always understanding the importance of domain expertise and intellectual property.   as this strategy moves forward the terminology will evolve to three significant profitable categories which better reflect the current corporate activities and growth opportunities of journeo:   ·    integrated services: packaged solutions of software, hardware, and services; supported 24/7 ·    information systems: visual display of transit information and infotainment ·    infrastructure protection: safety focused physical and cyber security of infrastructure   admission of consideration shares and total voting rights   application has been made for the 255,366 consideration shares to be admitted to trading on aim and it is expected that admission will occur on 5 september 2025 ("admission"). following admission, the company will have 17,225,794 ordinary shares in issue and no shares held in treasury. accordingly, the total number of voting rights in the company following admission will be 17,225,794. this figure should be used by shareholders as the denominator for calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, ordinary shares under the fca's disclosure, guidance and transparency rules.   russ singleton, chief executive officer, commented:   "we are delighted to announce the acquisition of cfds, a recognised leader in utility infrastructure protection solutions. this acquisition aligns with our strategy of taking our core capabilities into adjacent markets and strengthens our offering and broadens our reach. we look forward to working closely with the cfds team to unlock value and deliver enhanced integrated solutions to a broader client base."   a digital copy of this announcement will be available on the group's website: www.journeo.com.   for further information, please contact:   journeo plc russ singleton/ nick lowe +44 (0) 203 651 9166 cavendish capital markets limited - nominated adviser and broker katy birkin/ callum davidson +44 (0) 207 220 0500             notes to editors:   journeo plc is a leading intelligent systems provider, delivering sustainable solutions in towns, cities, airports, and the public transport networks that connect them while safeguarding critical infrastructure and high-security environments with advanced access control, intrusion detection, and surveillance technologies.   the business has six operating companies:   ·      journeo fleet systems: cctv video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting. ·      journeo passenger systems: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding. ·      infotec: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle. ·      crime and fire defence systems: specialise in protection of critical national infrastructure sites including utilities, defence and high security industrial and commercial applications. ·      journeo as (based in aarhus, denmark): full-service provider of intelligent transport systems ("its") with customers in denmark, sweden and iceland. ·     journeo ab (based in stockholm, sweden): technical services provider to public transport customers in sweden.   in the last 4 years, the company has invested over £6 million in research and development, enabling it to design and supply powerful innovative solutions for customers' complex requirements and the demands of modern public transport. with an internet of things ("iot") approach and open standards, together with field-proven and reliable engineering, journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.   this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   acqdggdcxggdgub return to news summary

Label: Gestiegen