Finance
US Firm Long Path to Buy UK's Idox for $438 Million
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleUS firm Long Path will acquire UK software provider Idox for $438 million, offering a 27.7% premium. The deal includes a 5% headcount reduction and aims to close by Q1 2026.
(Reuters) -U.S. investment firm Long Path agreed to take British software provider Idox private in a 339.5 million pound ($438 million) deal on Tuesday, offering shareholders 71.5 pence per share in cash.
The offer for the maker of specialist software for government planning, regulatory compliance and elections technology, by its second-largest shareholder, represents a 27.7% premium to Idox's closing price on Monday.
Long Path said it plans to inject about 5 million pounds into the business at deal closing to improve customer experience, and expects an initial headcount reduction of around 5%.
Idox's board has unanimously recommended the deal, which has secured binding commitments from investors representing over 35% of Idox's shares and is expected to close in the first quarter of 2026.
(Reporting by Yadarisa Shabong and Shashwat Awasthi in Bengaluru; Editing by Mrigank Dhaniwala)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
An investment is the allocation of resources, usually money, in order to generate income or profit. Investments can take various forms, including stocks, bonds, or real estate.
Technology in finance, often referred to as fintech, encompasses innovative tools and solutions that improve and automate the delivery of financial services.
Financial services refer to a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
In finance, a premium is the amount paid for an insurance policy or the additional cost of purchasing a financial asset above its intrinsic value.
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