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Highlights

  • AdvancedAdvT acquires Goss Technology Group for a net consideration of approximately GBX 7.1 million.
  • Goss reported GBX 5.35 million in revenue for FY2024, with 71% recurring income.
  • Acquisition supports expansion in UK public sector software and enables further integration of low-code digital solutions.

AdvancedAdvT Limited (LSE:ADVT), a provider of enterprise software solutions across business services, healthcare compliance, and human capital management, has announced the acquisition of Goss Technology Group Limited (“Goss”) in a transaction valued at approximately GBX 13.5 million. The acquisition involves a cash payment of around GBX 8.5 million funded from existing resources and GBX 5.0 million in ordinary shares. After factoring in GBX 6.4 million in cash acquired with the business, the net consideration stands at approximately GBX 7.1 million.

Goss provides digital transformation solutions tailored to public sector clients, offering a platform that enables improved digital engagement and integration between citizen-facing systems and internal processes. The acquisition was subject to approval under the National Security and Investment Act, which has now been granted.

In the 12 months ending 30 June 2024, Goss reported revenue of GBX 5.35 million, with 71% of that being recurring, and EBITDA of GBX 0.77 million. Net assets stood at GBX 3.25 million as of the same period.

AdvancedAdvT cited the deal as a strategic step to expand its reach within the UK and Irish public sector markets. Goss’s low-code platform is expected to complement existing offerings and enable the company to address growing demand for interoperability, digital service delivery, and operational efficiency amid ongoing structural changes in local government.

These changes include council consolidations into unitary authorities and a broader governmental push for digitised services. Goss's technology facilitates the integration of front-end digital interfaces with back-end administrative platforms, enabling more efficient workflows and potential for future automation initiatives. AdvancedAdvT anticipates that the acquisition will also create opportunities for cross-selling within its current customer base.

As part of the transaction, 3,225,806 shares are being issued and are expected to be admitted to trading on the AIM market of the London Stock Exchange on or around 2 June 2025. Following this issuance, AdvancedAdvT will have a total of 136,425,806 ordinary shares in issue, with none held in treasury. The updated share count will serve as the basis for disclosure notifications under the UK Financial Conduct Authority's transparency regulations.

ADVT shares were trading 1.29% higher at GBX 157.00 per share at the time of writing on 30 May 2025. On a year-to-date basis, the share price has increased by approximately 1.29%.