AIM movers: RWS acquires Acolad and Intercede wins more contracts

RWS Holdings (LON: RWS) is acquiring Acogroup for an enterprise value of £22.4m. The company provides language and content services under the Acolad brand and will become part of the Transform division. There will be an increased exposure to France and other European countries and cross-selling opportunities. In 2025, revenues were £182m and adjusted EBITDA of £13m. RWS expects an annualised EBITDA contribution of £11m in 2026-27. The deal requires French government approval. The share price  gained 14.5% to 110.35p.

Identity management software provider Intercede Group (LON: IGP) has announced $2.6m of new contracts and renewals, plus $1.65m of potential renewal value through to 2030. There have previously been $3.8m of additional orders in this financial year. The share price rose 5.14% to 112.5p.

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Genedrive (LON: GDR) says UK clinical guidelines recommend “MT-RNR1 genotype testing for preventing aminoglycoside-mediated ototoxicity”. It mentions MT-RNR1 ID Kit, which detects the m.1555A>G variant from a buccal swab and provides a result in approximately 26 minutes. The share price increased 5% to 1.05p.

Floorcoverings manufacturer Victoria (LON VCP) Geoffrey Wilding bought 100,000 shares at 69.5p each. The share price recovered 3.85% to 67.5p.

FALLERS

First Development Resources (LON: FDR) has completed the first phase of drilling at the Lander West prospect within the Selta project in Northern Territory, Australia. The understanding of the geology has been improved. There are 243 rock-chip samples and assay results will be used to refine the geological model and identify where to focus the next phase of exploration. The share price slipped 13% to 2.35p.

Energy as a service provider eEnergy Group (LON: EAAS) more than doubled full year revenues to £21.8m and the reported loss was reduced from £1.85m to £1.15m. That is after £1.2m of exceptional costs, partly relating to a restructuring to save £2m in costs annually. Cash was £400,000 at the end of June 2026. There have been management changes and the potential pipeline of opportunities adjusted. The £40m NatWest facility has been terminated at the cost of £300,000. This required the company to invest 20% in each funded deal, which hit cash generation. eEnergy expects to be cash generative in the second half. The share price declined 7.94% to 2.9p.

Kazera Global (LON: KZG) says that the technical report for the Sea Concession 2A heavy mineral sands project in Alexander Bay, Northern Cape, South Africa shows an inferred mineral resource estimated at 6.65 million tonnes of heavy mineral sands at an approximate grade of 20%. This is principally garnet, ilmenite, zircon and rutile. This is based on 1.42% of the licence area. The share price dipped 6.06% to 1.55p.

Pulsar Helium Inc (LON: PLSR) has agreed to extend its reservation of a helium liquefaction plant and related equipment. The target date for a definitive agreement has been changed to 30 September. The share price fell 4.47% to 72.6p.

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