Oxford Metrics sells off its Yotta division for £52m

Oxford Metrics has sold its infrastructure asset management division, Yotta, to Causeway Technologies for £52m.

Yotta serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services - including highways, street lighting, and waste management.

Originally a spin-out from Oxford Metrics' core technology, it has successfully scaled Yotta and its operation in recent years.

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Causeway - a provider of software solutions to the construction industry - has acquired Yotta as it continues its journey to digitise the processes that underpin the construction and maintenance of infrastructure assets.

Nick Bolton, CEO of Oxford Metrics said: "Today's sale of Yotta is an enabler of growth on multiple fronts. First, it combines our excellent Yotta team and technology with a platform that can unlock additional growth across Yotta's existing market - and in other adjacencies. I am proud of the Yotta team's many achievements and I am confident that, in combining with Causeway, many more achievements lie ahead."

Oxford Metrics say the sale brings increased clarity and focus to its stated five-year growth plan.
This plan, targeted at growing revenue by 2.5x and returning the Group to 15% Adjusted PBT margins by the end of the plan, can now be undertaken with one core technology stack, unlocking greater operational leverage.

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