Accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF, FRA:LQG), the AIM-listed technology solutions provider to the leisure and attractions sector, has acquired Dexibit, a purpose-built artificial intelligence and analytics platform for visitor attractions, for a total maximum consideration of $12.1m.
The deal, funded from existing cash reserves, comprises an initial payment of up to $7.1m on completion, with a further $5.0m payable over three years subject to performance conditions, and completed on 28 March.
Dexibit's capabilities will form the foundation of a new product, Accesso Intelligence, which will connect client data from ticketing, staffing and maintenance through to weather, visitor reviews and local events, using AI to surface insights across an operator's full technology landscape, including third-party systems.
The platform already serves 40 customers across more than 75 venues, boasts over 100 integrations with major operating systems and carries annual recurring revenue of approximately $1.4m, with the majority generated through SaaS (software as a service) subscription agreements.
Chief executive Steve Brown said Accesso Intelligence would give operators "a more complete and connected view of their operation" by unifying data across all the systems they use.
Looking into 2026, the company said trading in the early part of the year had been in line with expectations and that revenue and cash EBITDA (earnings before interest, tax, depreciation and amortisation, adjusted for non-cash items) for the full year would be consistent with market expectations of approximately $146m and $20.0m respectively.
The board flagged uncertainty around its Middle East business, where professional services milestones and licence implementations are expected to contribute between $4.5m and $5.0m of revenue, of which approximately $2.5m is yet to be recognised.
The resilient near-term outlook follows a solid set of full-year results for 2025, in which revenue rose 1.8% to $155.1m, while statutory profit before tax surged 37.7% to $14.3m.
Cash EBITDA edged up 0.8% to $23.0m, while new venue wins increased to 43 from 30 in the prior year.
The company also confirmed a planned leadership transition, with Brown intending to step down as chief executive and Lee Cowie, who joined as chief operating officer in January 2025, set to assume the role on 1 May.