Elecosoft Public Limited Company (ELCO): Veeuze disposal and financing
This situation live
ELCO Elecosoft Public Limited Company
10 Apr 2026 · Agreed; €1.5m loan to buyer outstanding · +9% until the next step
This will be repayable over a five‑year period to 31 December 2030, and will carry an interest rate of ECB base rate plus 5.85% per annum (at a minimum of 8% per annum or above).
28 Apr 2026 · Sold to management buy-out; impairment booked in FY2025 · +5% until the next step
Post year end, disposal of non-core Veeuze GmbH (Veeuze), a non-core, wholly owned German-based Visualisation business to a management buy-out
23 Jul 2026 · Disposal described as done; H1 excludes Veeuze trading · +72% until the next step
disposing of the non-core Veeuze operation to improve margins
15 Sep 2026 · Disposal effective 1 January 2026; £1.3m financing provided · +0% since
Announced April 2026, and effective 1 January 2026, the disposal of Veeuze GmbH (Veeuze), a non-core, wholly owned German-based Visualisation business to a management buy-out, reinforcing the Group’s
Veeuze disposal and financing
Disposal effective 1 January 2026; £1.3m financing provided
Every step · 4
- 10 Apr 2026 Agreed; €1.5m loan to buyer outstanding – This will be repayable over a five‑year period to 31 December 2030, and will carry an interest rate of ECB base rate plus 5.85% per annum (at a minimum of... ↗
- 28 Apr 2026 Sold to management buy-out; impairment booked in FY2025 – Post year end, disposal of non-core Veeuze GmbH (Veeuze), a non-core, wholly owned German-based Visualisation business to a management buy-out ↗
- 23 Jul 2026 Disposal described as done; H1 excludes Veeuze trading – disposing of the non-core Veeuze operation to improve margins ↗
- 15 Sep 2026 Disposal effective 1 January 2026; £1.3m financing provided – Announced April 2026, and effective 1 January 2026, the disposal of Veeuze GmbH (Veeuze), a non-core, wholly owned German-based Visualisation business to a... ↗
What is happening
Elecosoft Public Limited Company: Veeuze disposal and financing – Disposal effective 1 January 2026; £1.3m financing provided. ['Disposal effective 1 January 2026; £1.3m financing provided']
- In short
- Eleco sold loss-making Veeuze to its management in April 2026, effective 1 January 2026, to focus on Building Lifecycle. H1 excludes Veeuze trading. The Group provided a £1.3m financing package for the buy-out, which weighed on H1 cash. Deferred tax losses in Veeuze no longer affect the tax charge.
- Announced
- 10 Apr 2026 · Agreed; €1.5m loan to buyer outstanding
- Latest
- 15 Sep 2026 · Disposal effective 1 January 2026; £1.3m financing provided
- Buyer
- Veeuze management team (management buy-out)
- Effective date
- 1 January 2026
- Financing
- £1.3m financing package for the management buy-out
- Rationale
- Focus on higher-growth Building Lifecycle businesses
From the company's own announcements. Not investment advice.
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