Nuix Acquisition of French Software Company Likely to Benefit Nuix Neo Platform, Jefferies Says

MT Newswires Live12-05 11:41

Nuix's (ASX:NXL) move to acquire French software company Linkurious will likely boost the technical capabilities of its Nuix Neo platform and expand its customer base, Jefferies said in a Thursday note.

The total consideration for the acquisition is 20 million euros, including AU$22 million in upfront cash payment, AU$4.4 million in shares held in escrow for 12 months, and AU$8.8 million in contingent earnout based on annual contract value growth and cross-sell.

The transaction, expected to close in the first quarter of 2026, will be mainly funded through the company's expanded debt facilities, supplemented by up to AU$10 million in cash, according to the note.

Jefferies kept a buy rating on Nuix with a price target of AU$2.50.

Nuix shares rose 3% in afternoon trade on Friday.

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