RWS Holdings (AIM:RWS), the global AI solutions company, has agreed to acquire Obviously Group, a next‑generation integrated platform that enables enterprise clients to manage, protect and enforce intellectual property and brand integrity, with completion taking place today.
The consideration comprises initial cash consideration of £16.5m on a cash‑free, debt‑free basis subject to customary adjustments and earn‑out consideration of up to £23.5m payable on satisfaction of stretching EBITDA‑related performance hurdles in the financial years ending 30 September 2027, 30 September 2028 and 30 September 2029, with total consideration capped at £40m.
RWS said the acquisition will be funded from existing facilities after it refinanced its revolving credit facility in October 2025, and the company described the deal as a substantial transaction for RWS for the purposes of AIM Rule 12.
Further information on Obviously's business, its financial performance to 28 February and the acquisition's effect on the enlarged group is set out in RWS's announcement of 2 May.
