Avocet Bidco Limited to acquire Eleco plc

Avocet Bidco Limited has agreed to acquire Eleco plc in a strategic acquisition valued at £207.6 million. The transaction involves an all-cash consideration for the equity value of the target company. Both the buyer and the target are based in the United Kingdom, indicating a domestic deal within the technology sector. This arrangement represents a significant move by Avocet Bidco Limited to expand its presence or capabilities within the UK technology market through the purchase of Eleco plc. The deal structure is straightforward, with cash being the sole form of consideration provided for the acquisition.

The announcement was made on 10 September 2026, marking the formal introduction of the proposed transaction between the two entities. At this stage, the deal remains in a firm intention phase, suggesting that while the parties have reached an agreement in principle, final completion has not yet occurred. The timeline for closing the transaction is not specified in the available data. Consequently, the exact date of completion remains unknown and unconfirmed by public records at this time.

The transaction is subject to regulatory approval and other customary closing conditions before it can be fully executed.