appScatter to acquire Germany’s Priori Data for £13.5 million

Publicly-listed app management platform appScatter has announced plans to acquire German app intelligence platform Priori Data for £13.5 million.

The deal is for 100% of the company and is split between £9.45 million in cash and £4.05 million in shares (at 70p a share).

UK-based appScatter listed on London Stock Exchange last year – at a £41 million valuation – and is now looking at further growth through acquisitions that will create one large app intelligence entity.

“The acquisition would mark a major step forward in our quest to become the go-to source of information in the app ecosystem, in particular given the scarcity of companies with the quantity of data held by Priori,” said appScatter CEO Philip Marcella in a statement.

Priori has not disclosed how much it has raised in funding but had a reported turnover of $1.06 million in 2017.

The acquisition deal is expected to close in May.