South African fintech Lesaka completes Adumo’s acquisition for $96 million
- Lesaka acquires Adumo for R1.67 billion ($96 million).
- The acquisition involves issuing approximately 17 million shares and a cash payment of R232.2 million ($13 million).
- The final acquisition amount is $10 million higher than previously reported, reflecting a 27% increase in Lesaka's share price.
The acquisition of Adumo by Lesaka Technologies is a strategic move that could enhance their market position and operational capabilities. However, the recent net loss indicates that while growth opportunities exist, careful integration and management will be crucial to ensure long-term profitability.
