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Birmingham Post
Birmingham Post
Technology
Abigail Turner

Swindon property tech firm, TM Group, sold for £91m

A Swindon-based property technology company has been sold for £91m.

Luxemburg-based private equity fund Aurelius has purchased TM Group from its owner Dye & Durham, the Toronto Stock Exchange listed corporate.

TM Group, which was founded in 1999, has been up for sale ever since Dye & Durham was told by the UK Competition & Markets Authority to sell it off due competition concerns. Closing is expected to occur in August 2023.

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