Fintel expects Pearson Ham acquisition to be earnings accretive
Fintel PLC on Monday said it has completed the acquisition of the Pearson Ham Group’s market pricing business, a provider of proprietary pricing data to the UK insurance industry.
The Huddersfield, England-based provider of fintech and support services said the acquisition will be earnings accretive for full year 2026.
‘The Pearson Ham Group pricing business is a profitable, growing, cash generative business with a rich historic data set and a strong value proposition that is invaluable to the UK insurance industry,’ commented Fintel Software & Data Chief Executive John Milliken.
The cash consideration paid of £11.0 million consists of an initial £7.5 million payment and deferred amounts of £2.0 million, payable in April and £1.5 million, payable in July.
The deal is expected to generate 2026 revenue of £2.6 million and earnings before interest, tax, depreciation and amortisation of £0.9 million.
Fintel funded the transaction from existing financial resources.
Shares in Fintel rose 3.5% to 219.50 pence each in London on Monday.
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