This be a freebie for the buyer7 Oct 2022 17:20
Look at the value, shame.
Trouva has attractive marketplace technology, which MADE plans to integrate into the Group's existing marketplace tech stack, significantly enhancing functionality around dropship, carrier integration and inventory management. The Group intends to build out the existing Trouva tech hub in Portugal to create a new centre of excellence. Integration of Trouva will be led by MADE Chief Technology Officer Geert Engels, who has extensive experience in successfully integrating technology functions.
The acquisition will enable MADE to efficiently scale its curated marketplace offering, and avoid some anticipated capex spend. Total cashflow on the combined acquisition consideration and capex is now expected to be £13-18m for 2022, compared to previous guidance of £15-20m. The acquisition will be fully funded by cash and is expected to deliver a strong return on investment. Trouva is currently loss making. The enlarged Group will leverage scale and marketing efficiency and expertise to improve the financial performance of Trouva.