Softcat stock ahead of the Xetra open as GDT acquisition details emerge
Published on 09/30/2026 at 08:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Softcat stock is ahead of the Xetra open as investors assess the company’s September 17, 2026 announcement on its planned acquisition of GDT. The dated Lang & Schwarz market indication is separate from the company announcement.
Planned US expansion
Softcat said it had signed an agreement to acquire GDT Topco, a US-based multi-vendor IT solutions provider, for an enterprise value of $1.05 billion, or £785 million. The transaction is expected to close by the end of the first quarter of 2027, subject to customary regulatory filings and approvals, according to the RNS announcement.
Trading update
In the same announcement, Softcat said it expected high-teens growth in full-year 2026 underlying operating profit, compared with previous guidance for mid-teens growth. It also expected gross profit growth moderately above that rate and cash conversion toward the top end of its guided range of 85% to 95%. Softcat said its preliminary FY2026 results were scheduled for October 14, 2026.
Funding and transaction terms
Softcat said the acquisition would be funded through cash, new debt facilities and proceeds from an equity placing. The company also announced a conditional retail offer of new ordinary shares in the United Kingdom, with proceeds intended to part-fund the GDT acquisition, in a separate RNS announcement.
