Diginex Ltd. (DGNX), a software company and provider of Sustainability RegTech solutions, announced on Monday that it has inked a deal to buy Matter DK ApS, a Danish provider of sustainability data and analytics solutions to the investment industry.
The transaction values Matter at $13 million, which will be paid through the issuance of DGNX shares valued at $83.77 per share. These shares are subject to an 18-month lock-up period.
In connection with the transaction, senior management of Matter will be granted DGNX shares of $2.5 million valued at $83.77 per share that would be vest in equal proportions over 12 and 24 months.
The acquisition is expected to boost the acquirer's portfolio by integrating Matter's advanced ESG data analytics, benchmarking, and reporting capabilities. The transaction will also enable Diginex to offer more comprehensive ESG solutions to organizations.
The transaction is expected to close later within the next quarter.
DGNX was up by 3.22% at $54.50 on the Nasdaq.
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