1Spatial completes acquisition of Star-Apic

16th Jan 2014 16:05

AIM-listed 'big data' company 1Spatial has completed the acquisition of the final 10 per cent of the issued share capital of land and property specialist Star-Apic.The group paid €666,984 to owner from Meusinvest, based on the same valuation terms as the initial agreement when 90% of Star-Apic was purchased in June 2013.Marcus Hanke, Chief Executive of 1Spatial, said: "The timing is right for Star-Apic to be fully integrated into 1Spatial as the business moves forward as a single brand with an integrated solution set for our core markets. The board would like to thank Meusinvest for their assistance and support over the past six months".Shares rose 1.32% to 9.62p at 16:10 on Thursday.RD