Diginex Limited signs MOU for all-share acquisition of ESG data company Matter DK ApS, enhancing sustainability analytics offerings.
Quiver AI Summary
Diginex Limited has signed a Memorandum of Understanding for an all-share acquisition of Matter DK ApS, a Danish ESG data company, valued at $13 million. This strategic move aims to enhance Diginex’s offerings in sustainability data and analytics by integrating Matter’s capabilities, thereby enabling better ESG solutions for financial institutions. The acquisition will be executed through the issuance of Diginex shares, with an 18-month lock-up period, and will retain Matter’s management team post-acquisition. Both companies are enthusiastic about the partnership’s potential to improve sustainability reporting and impact through advanced data insights.
Potential Positives
- Diginex signed a Memorandum of Understanding (MOU) for an all-share acquisition of Matter DK ApS, expanding its offerings in the ESG data analytics space.
- The acquisition is valued at $13 million, which is intended to enhance Diginex's portfolio and align with increasing regulatory and stakeholder expectations for ESG reporting.
- Matter's expertise in ESG data will complement Diginex’s existing technology and broaden its market presence in a sector with significant growth potential.
- The integration of Matter's solutions is expected to enable Diginex to provide more comprehensive sustainability solutions globally, empowering businesses to meet their sustainability goals.
Potential Negatives
- The acquisition is structured as an all-share deal, which could dilute existing shareholders' equity in Diginex, depending on the total number of shares issued.
- The Memorandum of Understanding (MOU) indicates that the acquisition is not yet finalized, leaving the company exposed to risks surrounding completion, including due diligence and other customary closing conditions.
- The proposed valuation of Matter at $13 million might raise concerns among investors about whether this reflects a fair market value, especially given the volatility and uncertainties in the ESG market.
FAQ
What is the purpose of Diginex's acquisition of Matter DK ApS?
Diginex aims to enhance its ESG data analytics and reporting capabilities through the acquisition of Matter, providing comprehensive solutions for sustainability reporting.
When was the Memorandum of Understanding signed?
The Memorandum of Understanding for the acquisition was signed on May 23, 2025.
What is the estimated value of the Matter acquisition?
The acquisition values Matter at approximately $13 million, to be paid through Diginex ordinary shares.
How will this acquisition benefit Diginex customers?
The acquisition will allow Diginex to offer improved ESG solutions, helping organizations meet regulatory and stakeholder sustainability reporting expectations.
What technologies does Diginex utilize in its ESG solutions?
Diginex employs blockchain, AI, machine learning, and data analysis technology in its sustainability reporting and ESG solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
LONDON, May 27, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced the signing of a Memorandum of Understanding (MOU) dated 23 May 2025 for an all-share acquisition of Matter DK ApS (“Matter”), an innovative ESG data company focused on delivering sustainability data and analytics solutions to the investment industry and helping financial institutions understand and communicate the sustainability of investments. Matter is based in Copenhagen, Denmark, and their largest shareholder is NASDAQ, followed by the founding management team who will remain with the business following the closing of the acquisition pursuant to multi-year employment agreements. The MOU values the equity of Matter at $13 million which will be paid through the issuance of Diginex ordinary shares valued at the 60-trading day trailing VWAP (volume weighted average price) as of 23 May 2025, and will subject to an 18-month lock-up period.
This strategic acquisition aims to enhance Diginex’s portfolio by integrating Matter’s advanced ESG data analytics, benchmarking and reporting capabilities. We expect the acquisition will enable Diginex to offer more comprehensive ESG solutions to organizations worldwide, helping them navigate the complexities of sustainability and meet evolving regulatory and stakeholder expectations for ESG reporting.
“We are excited about the acquisition of Matter, which moves us into the ESG data space and aligns with our mission to empower businesses with cutting-edge AI tools to drive sustainable impact,” said Miles Pelham, Chairman of Diginex. “
Matter’s expertise in ESG data complements our existing technology, broadens our offering and brings us into a sector with huge growth potential.
”
“This is an exciting opportunity to join forces with Diginex, and we’re thrilled at what we can achieve together,” said Niels Fibæk, CEO of Matter. “
As one, we can amplify our impact, delivering unparalleled data-driven insights to help organizations achieve their sustainability goals.
”
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website:
https://www.diginex.com/
.
About Matter
Matter is a pioneering ESG data company that delivers actionable insights to support organizations in achieving their sustainability objectives. Through advanced analytics and reporting, Matter enables businesses to make informed decisions that drive positive environmental and social outcomes. For more information, visit
www.thisismatter.com
.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Disclaimer
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it constitute a binding commitment to complete the contemplated transaction. The completion of the transaction is subject to the execution of definitive agreements, satisfactory due diligence, and other customary closing conditions.
Diginex
Investor Relations
Email:
ir@diginex.com
IR Contact - Europe
Anna Höffken
Phone: +49.40.609186.0
Email:
diginex@kirchhoff.de
IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email:
jian.lin@llyc.global
IR Contact - Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email:
sprg_diginex@sprg.com.hk
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
