AdvancedAdvT has acquired the provider of public sector digital transformation solutions provider, Goss Technology Group, for £13.5m.

The UK-headquartered international software solutions provider said that the consideration for Goss Technology comprises £8.5m in cash and £5m in ordinary shares.

AdvancedAdvT stated that the acquisition is a strategic move that strengthens its position in the public sector by expanding its portfolio with "scalable, low-code digital solutions".

It added that the deal also opens up cross-selling opportunities within its existing public sector customer base and broadens its reach across the UK and Ireland.

Furthermore, the technology firm stated that the acquisition is timely, aligning with structural changes in local Government.

In the year to 30 June 2024, Goss reported revenue of £5.35m, with net assets of £3.25m.

Chairperson at AdvancedAdvT, Vin Murria OBE, said: "We are delighted to announce the acquisition of Goss, a recognised leader in digital transformation in the public sector. This acquisition aligns strongly with our strategy to invest in quality software businesses that drive efficiency and long-term value for its customers.

"Goss's innovative low code solutions and deep-rooted relationships within local government strengthen our offering and broadens our reach. We look forward to working closely with the Goss team to unlock value and deliver enhanced integrated solutions to a broader client base.

"We continue to look for complementary acquisitions that further enhance our offering to clients and creates value for shareholders."

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