4Sight Holdings expands with acquisition of X4 Solutions

4Sight Holdings Limited (JSE:4SIE) announced today that its subsidiary, 4Sight Systems Proprietary Limited, will acquire X4 Solutions Proprietary Limited and XFour Technology Proprietary Limited from X Four Holdings Proprietary Limited. The initial tranche is R21,206,500, with R10,603,250 in cash and R10,603,250 payable in newly issued 4Sight shares. A further earn-out tranche of R21,206,500 is contingent upon the Companies' financial performance from March 1, 2025, to February 28, 2026. The combined profits attributable to the Companies are R4.986 million, and the combined net asset value of the Companies are R18.148 million. The deal, effective March 1, 2025, is expected to accelerate innovation and enhance value creation. Ultimate beneficial shareholders will pledge shares until 2028, with repurchase options if employment ends early. The acquisition, classified as a Category 2 transaction under JSE rules, does not require shareholder approval.