Made Tech Acquires CX Feedback for Up to GBP6 Million

05:47 AM EST, 11/04/2026 (MT Newswires) -- Made Tech Group (MTEC.L) acquired Scottish software and technology company Target Applications, d/b/a CX Feedback, for up to 6 million pounds sterling in cash, excluding working capital adjustments. The London-listed technology and digital services provider paid an initial upfront gross consideration of 3 million pounds in cash at completion, according to a Wednesday release. An additional consideration of up to 3 million pounds is payable two years after completion, based on certain growth targets. The acquisition will be fully funded through Made Tech's existing cash reserves. The deal adds 1.1 million pounds in CX Feedback's annual recurring revenue as of Oct. 27 to Made Tech, alongside more than 100 social housing and local government customers.