RNS

Eleco plc

("Eleco", the "Group" or the "Company")

Acquisition of Kivue for £2.3m

The Board of Eleco Plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment, is pleased to announce that it has acquired 100% of the issued share capital of Kivue Limited ("Kivue"), a leading UK-based provider of Project Portfolio Management (PPM) SaaS software and associated services, for an enterprise value basis of £2.3m (c£1.84m cash and c£0.46m equity) ("the Acquisition").

Kivue, located in Reading, England, is a software company specialising in PPM solutions, part of Eleco's Building Lifecycle portfolio of solutions. The business's ISO-certified and Cyber Essentials accredited cloud-based platform, Perform, provides immediate and automated, visual portfolio insights, governance, risks and portfolio performance for project teams and enterprise-level (senior) executives.    

Kivue's market reputation is one of an intuitive, easy-to-use and highly agile PPM solution that can quickly demonstrate value to its clients and their senior management.  Primarily focused on the private sector but with some success with public sector clients, notable customers include London City Airport, Aon, Bentley, Virgin Atlantic and The Government of Jersey.

Based on unaudited Kivue figures, for the twelve month period to 31 October 2025, Kivue recognised approximately £1.5m in revenue and Adjusted EBITDA of £0.2m. 

Under the terms of the Acquisition, the vendors are to be issued 337,363 new ordinary shares of 1 pence each in the Company ("Ordinary Shares").

Application will be made for 337,363 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 13 February 2026. Following Admission, Eleco plc will have 84,139,760 Ordinary Shares in issue. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 84,139,760.

 Jonathan Hunter, Chief Executive Officer of Eleco plc, said:​

​"We are pleased to welcome the Kivue team, with its principal founder to the Eleco Group, further enhancing Eleco's PPM capabilities. 

Kivue, with its Perform offering, complements our existing BestOutcome's PM3 solution which is used to manage strategic programmes and multiple portfolio management projects by Project Management Offices and Project Managers.  The addition of Kivue will further expand our reach into a senior manager and C-Suite audience for larger enterprise projects.    

We are impressed with the calibre of customers which Kivue services, as well as the commercial knowledge, experience and talent of its team.  In addition, we are pleased that the operational management team of Kivue will remain with the business to supporting our joint PPM growth ambitions."  

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About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome, PEMAC, Vertical Digital and Veeuze from centres of excellence in the UK, Ireland, Sweden, Germany, the Netherlands, Romania, Australia and the USA.

The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.

For further information please visit www.eleco.com.