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GBGroup takes over location software provider Loqate

28th April 2015 6:04 am GMT

Identity management solutions provider GBGroup has entered into an agreement to fully acquire San Francisco-based location-based software and data solutions provider Loqate.

GBGroup, which acquired a 25.5 per cent stake in Loqate in 2013, will now acquire the remaining 74.5 per cent share of the business for a total consideration of up to $15.4m.

Of this amount, $13.4m is to be paid in cash, with up to a further $2m payable based on the revenue growth [...]

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