Acquisition
Built Cybernetics PLC has acquired the business and assets of 3DEO (NI) Limited for a total consideration of £100,000, with £75,000 paid and £25,000 due in six months, plus up to £125,000 payable from future MapBI profits. This acquisition integrates 3DEO's Active Maps proprietary graphical information software, which is expected to accelerate recurring software revenues and has applications in Smart Cities, Smart Ports, and property portfolio management. The company also announced that its Chief Executive and another representative will be presenting at the MELLOLONDON investor event on November 19, 2025, to provide further information on this new venture.
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The Board of Built Cybernetics (AIM:BUC), the smart buildings group, is pleased to announce the acquisition of the business and certain assets of Belfast-based 3DEO (NI) Limited ("3DEO").
3DEO's Active Maps proprietary graphical information software is used to visualise and analyse information in a 3D environment. Active Maps is sold on a software-as-a-service (SaaS) basis, and has a range of applications for Smart Cities, Smart Ports, and for property portfolio owners and managers looking to understand their data at a campus-wide or portfolio-wide level.
The Active Maps software is expected to be of interest to the Group's existing client base, in particular developers and other owners of multiple properties.
Acquisition terms
The acquisition has been effected by a previously dormant wholly owned Built Cybernetics subsidiary, which has been renamed MapBI Ltd ("MapBI").
The business and certain assets, being principally the Active Maps software, have been acquired from the liquidator of 3DEO (NI) Limited. Total consideration to achieve the purchase is £100,000 in cash, of which £75,000 has been paid, with a further payment of £25,000 due in six months. MapBI expects to make offers of employment to a number of former employees of 3DEO.
Additionally, up to £125,000 is payable to a number of parties from a portion of future MapBI profits.
MELLOLONDON
Additionally, the Company is pleased to announce that Nick Clark and Freddie Jenner will be presenting at the MELLOLONDON investor event on Wednesday 19 November 2025, held at The Clayton Hotel & Conference Centre, Chiswick High Road, London W4 5RY. Information about the event including a 25% discount on tickets is available by viewing this RNS on the Company's website using the Investor Enquiries link below.
Comments
Nick Clark, Chief Executive, commented:
"We're delighted to have acquired this complementary business, which should allow us to accelerate the growth of recurring software revenues and we expect a strong start from MapBI in the current year. Our presentation at MELLOLONDON later this month will provide further information on our new venture."
| Investor Enquiries We encourage all investors to share questions on this announcement via our investor hub | https://builtcybernetics.com/link/yOONVy |
| Built Cybernetics plc Clive Carver, Chairman Nick Clark, Chief Executive | +44 (0)20 7843 3001 |
| Canaccord Genuity Limited , Nominated Adviser and broker Stuart Andrews Elizabeth Halley-Scott | +44 (0)20 7523 8000 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.