Business
Acquisition of ClanTect Limited
Image Scan Holdings plc is acquiring ClanTect Limited, a specialist in human presence detection technology, for a total consideration expected to be between £0.9 million and £1.0 million, including deferred and contingent elements. This acquisition, funded by existing cash resources, aims to broaden Image Scan's security technology portfolio by integrating ClanTect's proprietary vibration sensing technology, which has applications in border, prison, and critical infrastructure security. ClanTect reported revenue of £185,000 and a pre-tax loss of £14,000 for the year ended 31 October 2025, with net assets of £645,000. The company anticipates a modest revenue contribution from ClanTect in FY2026, with significant long-term growth potential driven by Image Scan's global distribution network. Disclaimer*
About this update from Image Scan Holdings Plc
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 3 August 2026 Image Scan Holdings plc ("Image Scan", the "Company" or the "Group") Acquisition of ClanTect Limited Image Scan Holdings plc (AIM: IGE), the AIM-quoted specialist provider of X-ray screening systems and security inspection technologies, is pleased to announce that it has entered into a Share Purchase Agreement to acquire the entire issued share capital of ClanTect Limited ("ClanTect") from Stephen Daley, Ilias Zazas and University of Southampton Holdings Limited. The acquisition represents a significant strategic step in broadening the Group's security technology portfolio and is expected to complement Image Scan's established X-ray screening activities through the addition of proprietary human presence detection technologies. Highlights Image Scan is acquiring a proven security technology business with approximately £600,000 of cash expected to be held on its balance sheet at completion for a total consideration expected to be in the range of approximately £0.9 million to £1.0 million, including deferred and contingent consideration. · Acquisition of 100% of the issued share capital of ClanTect Limited. · Total consideration expected to be in the range of approximately £0.9 million to £1.0 million, comprising completion consideration linked to net cash assets, Initial consideration and contingent earn-out consideration. · Initial consideration of £172,000 payable in three instalments of £57,333. · Founder-led business with proprietary human presence detection technology developed from research undertaken at the Institute of Sound and Vibration Research at the University of Southampton. · Technology deployed in border, prison and critical infrastructure security applications · Acquisition to be funded from the Group's existing cash resources. · &n...
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