Acquisition
Summary by AI BETAClose X
12 November 2025
Built Cybernetics plc
("Built Cybernetics", the "Company", or, together with its subsidiaries, the "Group")
Acquisition of 3DEO and launch of MapBI
Attendance at MELLOLONDON
The Board of Built Cybernetics (AIM:BUC), the smart buildings group, is pleased to announce the acquisition of the business and certain assets of Belfast-based 3DEO (NI) Limited ("3DEO").
3DEO's Active Maps proprietary graphical information software is used to visualise and analyse information in a 3D environment. Active Maps is sold on a software-as-a-service (SaaS) basis, and has a range of applications for Smart Cities, Smart Ports, and for property portfolio owners and managers looking to understand their data at a campus-wide or portfolio-wide level.
The Active Maps software is expected to be of interest to the Group's existing client base, in particular developers and other owners of multiple properties.
Acquisition terms
The acquisition has been effected by a previously dormant wholly owned Built Cybernetics subsidiary, which has been renamed MapBI Ltd ("MapBI").
The business and certain assets, being principally the Active Maps software, have been acquired from the liquidator of 3DEO (NI) Limited. Total consideration to achieve the purchase is £100,000 in cash, of which £75,000 has been paid, with a further payment of £25,000 due in six months. MapBI expects to make offers of employment to a number of former employees of 3DEO.
Additionally, up to £125,000 is payable to a number of parties from a portion of future MapBI profits.
MELLOLONDON
Additionally, the Company is pleased to announce that Nick Clark and Freddie Jenner will be presenting at the MELLOLONDON investor event on Wednesday 19 November 2025, held at The Clayton Hotel & Conference Centre, Chiswick High Road, London W4 5RY. Information about the event including a 25% discount on tickets is available by viewing this RNS on the Company's website using the Investor Enquiries link below.
Comments
Nick Clark, Chief Executive, commented:
"We're delighted to have acquired this complementary business, which should allow us to accelerate the growth of recurring software revenues and we expect a strong start from MapBI in the current year. Our presentation at MELLOLONDON later this month will provide further information on our new venture."
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Investor Enquiries We encourage all investors to share questions on this announcement via our investor hub |
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Built Cybernetics plc Clive Carver, Chairman Nick Clark, Chief Executive |
+44 (0)20 7843 3001 |
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Canaccord Genuity Limited, Nominated Adviser and broker Stuart Andrews Elizabeth Halley-Scott |
+44 (0)20 7523 8000 |
About Built Cybernetics plc
Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings and related services. The Group is uniquely positioned to ensure the technical systems that run modern premises are designed as an integral part of the structure, from the outset. By cross-selling smart buildings services alongside our renowned architecture projects, the Group's strategy positions Built Cybernetics plc to build beyond one-off project fees and generate scalable and recurring revenues for our investors.
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