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accesso Technology continues sale discussions as it draws up strategic plan

The firm said since putting itself up for sale it has received several approaches and is assessing whether any are attractive to shareholders

Accesso Technology Group PLC - accesso Technology continues sale discussions as it draws up strategic plan
accesso develops electronic ticketing and virtual queuing technologies

Accesso Technology Group PLC (LON:ACSO) is continuing discussions over its possible sale with a number of interested parties, while also drawing up a strategic plan to realign the business.

The firm, which provides electronic ticketing and virtual queuing technology, said since putting itself up for sale in July it had received several approaches and was currently in discussions to ascertain whether any of the offers were “attractive to shareholders”, having previously rejected a number of proposals.

READ: accesso Technology puts itself up for sale after bid approaches

Meanwhile, the company is continuing to execute a strategic plan which it says will “realign and better integrate” its offering and maximise penetration into its addressable market, which management estimates to be worth US$3.4bn.

If the sale process did not result in an offer, accesso said it was “fully prepared” to execute the strategy.

Quick facts: Accesso Technology Group PLC

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Price: 942 GBX

Market Cap: £388.6 m

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