Softcat raises GBP 354 million. Softcat stock trades 1.84 percent higher

Softcat raised GBP 354 million on September 18, 2026 to help fund its GDT acquisition, while Softcat stock was trading at EUR 22.10 at Lang & Schwarz on October 8, 2026, up 1.84 percent from the prior close of EUR 21.70. The equity issue followed the company announcement of a USD 1.05 billion enterprise-value transaction and a high-teens fiscal 2026 underlying operating profit outlook, according to Investegate on September 17, 2026.

Three financing milestones

On September 17, 2026, Softcat announced the GDT acquisition at an enterprise value of USD 1.05 billion and said the deal could deliver high single-digit to low double-digit underlying earnings-per-share accretion in the first full fiscal year, according to Investegate. On September 18, 2026, the company reported GBP 354 million of gross equity-issue proceeds at a placing price of GBp 1,890 per share, according to Investegate. On September 22, 2026, 18,730,158 new ordinary shares were admitted to trading, taking the total share count to 215,642,562, according to Investegate.

What does the deal change?

GDT adds capabilities in data centers, networking, artificial intelligence infrastructure and cybersecurity, while its established operations in Bengaluru give Softcat an additional service platform. The transaction is expected to lift Softcat's exposure to the United States, but completion remains subject to customary regulatory approvals and the company has disclosed foreign-exchange and integration risks in the transaction materials.

The financing mix matters because Softcat expects net debt leverage of 1.3 times at closing and leverage below 1.0 times by July 2028, compared with a new target range of 0.5 to 1.0 times. The company also expects fiscal 2026 cash conversion toward the top of its 85 percent to 95 percent guided range, according to Investegate.

When are the next dates?

Softcat is scheduled to publish fiscal 2026 preliminary results on October 14, 2026, according to Investegate. The GDT acquisition is expected to close by the end of the first quarter of 2027, subject to the stated conditions.

Softcat's fiscal year 2025 revenue was GBP 1,458.4 million, compared with GBP 962.6 million in fiscal year 2024, while underlying operating profit rose to GBP 180.1 million from GBP 154.1 million, according to Softcat. The figures show the scale of the existing business before the GDT transaction is reflected in reported results.

Stock holds a wide yearly range

At Lang & Schwarz, Softcat stock was trading at EUR 22.10 on October 8, 2026 at 4:06 p.m. CEST, plus 1.84 percent versus the Lang & Schwarz prior close of EUR 21.70 on October 7, 2026. The primary listing is on the London Stock Exchange, where the finance quote showed GBp 1,855 on October 8, 2026, with a 52-week range of GBp 1,083 to GBp 2,134. The market capitalization was GBP 3.6 billion.

The further course of trading is shown by the continuously updated real-time quote of Softcat stock.

Market context: Market report FTSE 100.

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