Built Cybernetics plc (BUC), the London-quoted PropTech group focused on Smart Buildings and related services, has announced the completion of its acquisition of Ecolibrium and an associated fundraising on 4 November 2026. Alongside completion, the company has confirmed the appointment of Abhijit Mishra as a non-executive director, nominated by investor Unbound. The announcement marks a significant milestone following the original deal disclosure on 8 October 2026 and the shareholder Circular issued on 13 October 2026, and investors will be watching closely for integration updates and recurring revenue progress.

Key Points

  • Built Cybernetics plc (BUC) — London-quoted PropTech and Smart Buildings group
  • Acquisition of Ecolibrium and associated fundraising have both now completed as of 4 November 2026
  • Unbound advanced £350,000 and Greenwave-FZCO advanced £150,000 as part of amended Convertible Loan Agreement subscriptions
  • Investors should watch for further disclosure on Ecolibrium integration and the company's progress towards scalable, recurring revenues

Ecolibrium Acquisition and Fundraising Complete After October Shareholder Circular

Built Cybernetics has confirmed that both the acquisition of Ecolibrium and the accompanying fundraising have now fully completed, following a process that began with the company's announcement on 8 October 2026 and a Circular distributed to shareholders on 13 October 2026. The acquisition is intended to support the group's broader strategy of delivering Smart Buildings services and generating scalable, recurring revenues alongside its established architecture projects, moving the business model beyond reliance on one-off project fees. Further financial terms of the acquisition were not disclosed in the announcement.

Unbound Nominates Abhijit Mishra to Built Cybernetics Board Under Shareholder Agreement

Under the terms agreed with Unbound, that investor retains the right to nominate one non-executive director to the Built Cybernetics board for as long as it holds not less than 5% of the company's issued ordinary shares. Unbound has exercised that right by nominating Mr. Abhijit Mishra, aged 42, whose appointment the board has formally accepted. Mr. Mishra currently serves as a director and Chief Financial Officer of Unbound, and is a member of the Institute of Chartered Accountants of India, bringing professional financial expertise to the board. No other disclosable matters arose under the AIM Rules for Companies.

Mishra's Career Spans Airtel India, Jersey Airtel, and Several Unbound Group Entities

Mr. Mishra brings a career background spanning Head of Finance at Jersey Airtel Limited and Head of Business Planning at Airtel India. He currently holds directorships at Unbound GP Limited, Unbound Management Services Limited, and Unbound Holding Sub 1 Limited, and served as a director of Bharti House Limited within the last five years. His appointment adds financial and corporate governance experience to the Built Cybernetics board at a point when the group is integrating a new acquisition and pursuing a strategy of recurring revenue growth in the Smart Buildings sector.

CLA Subscriptions Amended With Unbound and Greenwave-FZCO Advancing Funds at Completion

As part of the completion process, the company agreed to amend the structure of Convertible Loan Agreement subscriptions originally to be made by certain Ecolibrium shareholders. The announcement states that whilst the terms and total quantum of the CLAs remain unchanged, Unbound has advanced £350,000 and Greenwave-FZCO has advanced £150,000 to reflect the revised arrangement. This structural amendment does not alter the overall financial commitment, but investors may be watching how these instruments interact with the company's capital structure as the Ecolibrium integration progresses.