FD Technologies shareholders get £120M as part of a £230M sale to EPAM Systems, keeping £54M for growth.

FD Technologies shareholders will receive £120 million after the company sold a significant part of its business, First Derivative, to US software giant EPAM Systems for £230 million. The deal, expected to complete in December, includes the transfer of 1,800 employees. The remaining business, KX, will retain £54 million to invest in growth and aims to become profitable. Despite recent losses, KX saw a 5% revenue increase, with plans for 25% annual growth.

November 26, 2024
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