(Reuters) - Data intelligence specialist GB Group said on Thursday it would buy U.S.-based peer Acuant Intermediate for an enterprise value of $736 million, expanding its identity verification and identity fraud prevention business.
The London-listed company, which uses its location and identity software to help clients including online trading platform Plus500 and retailer THG onboard customers, said it would raise about 305 million pounds ($411.63 million) in equity to partly fund the deal.
($1 = 0.7410 pounds)
Reporting by Priyanshi Mandhan in Bengaluru; Editing by Vinay Dwivedi
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