Location Sciences Group acquires delivery tech firm Sorted

Published by

Nicky Godding

Location Sciences Group, a publicly listed advertising technology firm registered in Cheltenham, has acquired delivery technology company Sorted.

According to information updates on the London Stock Exchange, the companies has paid a nominal fee of just £66.73.

Location Sciences said that the company will trade under the new name of "Sorted Group Holdings Plc".

Location Sciences said that the acquisition represents a significant opportunity for it implement its strategy to maximise shareholder value in the short-to-medium term through leveraging Sorted's leading edge technology as well as the significant capital investment made in Sorted to date (in excess of £70 million)

Sorted is an attractive SaaS business model with more than 60 employees operating in the ecommerce sector with scalable predictable revenue performance, has a diverse customer base of household retail brands and strong industry partnerships.

The global ecommerce market, which is currently highly fragmented, is forecast to grow significantly.

Location Sciences has appointed Carmen Carey as Chief Executive Officer, Mahmoud Warriah as Chief Financial Officer and Petar Cvetkovic as Non-Executive Director.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.