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The Pebble Gro. Share News (PEBB)
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Share Price Information for The Pebble Gro. (PEBB)
Last checked at -
Last checked at 
Intraday The Pebble Gro. Share Chart
IN BRIEF: Pebble Group Buys US Software Developer CoreXpand
Pebble Group PLC - Manchester-based technology and services for promotional products industry - Acquires US software developer CoreXpand LLC for USD5.3 million in cash. Plans to add Norcross, Georgia-based CoreXpand to its Facilisgroup business, allowing Facilisgroup to expand the services offered on its e-commerce platform. Says acquisition will be funded through cash flow generated by Facilisgroup, with USD1.8 million of the purchase price deferred over the next 18 months. An additional USD2.0 million in in-house development time will be capitalised in 2021 to work on the acquired assets. Says the resulting offering is expected to begin generating revenue by the end of the first half of 2021, with a full suite of product capabilities in market by the first half of 2022.
Pebble also says the overall group continues to trade positively and in line with market expectations for 2021.
Current stock price: 111.85 pence, up 1.7% Friday
Year-to-date change: down 20%
By Tom Waite; thomaslwaite@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
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