M&A Deal Summary

PEXA Acquires Smoove

On October 6, 2023, PEXA acquired software company Smoove for 31M GBP

Acquisition Highlights
  • This is PEXA’s 1st transaction in the Software sector.
  • This is PEXA’s largest (disclosed) transaction.
  • This is PEXA’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-10-06
Target Smoove
Sector Software
Buyer(s) PEXA
Deal Type Add-on Acquisition
Deal Value 31M GBP

Target

Smoove

Oxfordshire, United Kingdom
Smoove is a provider of software solutions by offering greater choice and efficient solutions to the housing market. Smoove products have helped home movers, conveyancing professionals and estate agents to save time and improve communication between parties. Smoove was founded in 2003 and is based in Oxfordshire, United Kingdom.

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Buyer(S) 1

Buyer

PEXA

Melbourne, Australia
Category Company
Founded 2010
Sector Information Services
Employees900
Revenue 340M AUD (2024)
DESCRIPTION

PEXA is a digital property exchange platform and property insights solutions business. PEXA Group of companies, including .id (Informed Decisions), Value Australia and Land Insight, delivers digital insights and property solutions that help government, financial institutions, banks, and property practitioners to unlock the future value of property. PEXA was founded in 2010 and is based in Melbourne, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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