Diginex (NASDAQ: DGNX) to acquire Matter DK for $13 million in all-share deal

Diginex Limited (NASDAQ: DGNX) signed a definitive agreement to acquire Matter DK ApS for $13 million in an all-share transaction, the London-based sustainability technology company announced.

The acquisition will be completed through the issuance of Diginex ordinary shares valued at $83.77 per share. The shares are subject to an 18-month lock-up period. Matter’s senior management will receive $2.5 million worth of Diginex shares at the same valuation, vesting equally over 12 and 24 months.

Matter, based in Copenhagen, Denmark, provides sustainability data and analytics solutions to the investment industry. The company counts a subsidiary of NASDAQ as its main strategic investor.

The transaction is expected to close within the next quarter, subject to customary closing conditions. Diginex stated the acquisition aims to enhance its portfolio by integrating Matter’s ESG data analytics, benchmarking, and reporting capabilities.

“This combination aligns perfectly with our mission to empower businesses with cutting-edge AI tools to drive sustainable impact and positions us for accelerated growth in a high-potential sector,” said Miles Pelham, Chairman of Diginex.

Niels Fibæk, CEO of Matter, stated: “Together, we will amplify our impact, delivering unparalleled data-driven insights to help organizations achieve their sustainability goals.”

Gibson, Dunn & Crutcher LLP and Lund Elmer Sandager advised Diginex on the transaction, with the latter handling Danish law matters.