Oxford Metrics (LON: OMG) is selling Yotta to Causeway Technologies for £52m. That appears a full price for the business and the share price jumped by 22.5p to 101p.
Causeway supplies software to the construction sector and it will be able to make further progress with the move towards digital. Yotta provides services that enable local and central government to keep track of their road and infrastructure assets.
The business returned to profit last year, making underlying pre-tax profit of £800,000 on revenues of £8.1m. Yotta was expected to generate revenues of £9m in 2021-22.
Yotta was start...
