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Telecommunication, fiber, and utility operators are “Building Better Networks” with IQGeo’s award-winning geospatial network management software. The combination of flexible network modeling that is used to create dynamic actionable tasks, and native mobility that bridges the gap between the office and the field, enables broadband and utility operators to build the networks of the future. 

IQGeo’s technology vision is helping telecom and fiber operators deliver digital equity and empowering utilities to achieve a cleaner energy future. Our Integrated Network and Adaptive Grid solutions drive process efficiency across the lifecycle from planning and design, to construction, operations, monetization, and outage response. Large multinationals and smaller regional operators around the world trust IQGeo to deliver the digital innovation they need to modernize and accelerate their workflows, increase network resilience, improve operational safety, and deliver ROI. 

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The IQGeo™ brand was launched in January 2019 after the RTLS business line and Ubisense brand was sold to Investcorp Technology Partners. 

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A key differentiator for IQGeo is our ability to provide a single common software platform that supports the entire lifecycle of our customers’ networks. With the acquisitions of OSPInsight in 2020 and Comsof in 2022 and the innovative organic growth of our software, we have established a distinctive market position. Unlike most of our competitors, IQGeo can deliver a solution that begins with high-level network planning and continues through construction, operations, maintenance and disaster response.

A single common platform joins up operational processes for greater efficiency and reduces the complexity and expense of integrating applications from different disconnected vendors. The vision of providing our customers with a fully integrated network lifecycle solution that is built upon a geospatial network digital twin has been fundamental to our success and will continue to drive our business in the future.

Our strategy

In order to consistently direct our resources and measure the ongoing success of the business, IQGeo remains focused on tracking our progress against three top-line business goals that were initially established in January of 2019 when we rebranded the Company as IQGeo.

Business goals

• Global growth
• Recurring revenue
• Product innovation

Market opportunity

The broadband and electric utility industries are receiving major investment streams through governmental programmes and private initiatives. These are driven by the business and social need for universal broadband and decarbonization objectives that demand a flexible distributed electric grid. In addition, IQGeo has significantly expanded the potential footprint for our technology within our customer base and with new prospects through the release of our latest‑generation network management products.

Enterprise telecom operators

• Cut network planning and design times
• Optimise processes to improve competitiveness
• Improve network data quality
• Support the long-term network Lifecycle
• Accelerate time to revenue

Electricity network operators

• Optimize operational processes
• Integrate critical data streams
• Capture network realities in the field
• Create a digital twin for the network lifecycle
• Enable grid modernisation

Learn more about why telecom and utility network operators choose IQGeo. 

Decarbonization and climate change

Business best practice and government regulations increasingly mandate net-zero electricity grids that must be more resilient than ever before to withstand the growing number of severe weather incidents as a result of our changing climate. These stark realities require innovative thinking, new technology and streamlined processes. Next‑generation IQGeo solutions are displacing legacy GIS software to help network operators meet these new challenges.

• Identify decarbonization opportunities
• Design and deploy low carbon technology
• Reduce field service inefficiencies
• Decarbonize supply chain
• Improve network resilience and reliability

Learn more about IQGeo's Carbon Neutral Organisation status.

Scope
In compliance with paragraph 16(2) of Schedule 19 of the UK Finance Act 2016, IQGeo publishes its tax strategy for the year ending 31 December 2024.

This tax strategy applies to IQGeo Group Limited (previously IQGeo Group plc) and to the group of companies headed by IQGeo Group Limited. References to ‘IQGeo Group Limited, ‘IQGeo, ‘the company’ or ‘the group’ are to all these entities.

Note that as of 23 September 2024, IQGeo Group Limited is a wholly owned subsidiary of Geologist Bidco Limited.

This strategy applies from the date of publication until it is superseded. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the group has legal responsibilities.

Aim
IQGeo is committed to full compliance with all statutory obligations and full disclosure to relevant tax authorities. The group’s tax affairs are managed in a way which considers the group’s wider corporate reputation in line with IQGeo’s overall high standards of governance.

Governance in relation to taxation

• The ultimate responsibility for tax strategy and compliance rests with the Board of Directors.
• The Chief Financial Officer (CFO) is responsible for ensuring that appropriate policies, processes and systems are in place and that the team responsible for tax compliance has the required skills and external professional support to comply with this approach.
• The Finance Director is responsible for day-to-day tax work, tax strategy implementation and tax risk management.
• The Board receives updates on significant tax matters and regular reports on the group’s tax status from the CFO.
  
  

Risk management

• IQGeo operates a system of tax risk assessment and controls as a component of the overall internal control framework applicable to the group’s financial reporting system.
• IQGeo seeks to reduce the level of tax risk arising from its operations as far as is reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its tax obligations.
• Advice is sought from external advisers where appropriate.
  
  

Attitude towards tax planning and level of risk

• IQGeo manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.
• When entering into commercial transactions, IQGeo seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. IQGeo does not undertake tax planning unrelated to such commercial transactions.
• The level of risk which IQGeo accepts in relation to taxation is consistent with its overall objective of achieving certainty in the group’s tax affairs. At all times IQGeo seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen.

Relationship with HMRC and other tax authorities

• IQGeo is committed to maintaining a transparent and co-operative relationship with HMRC and other tax authorities.
• IQGeo recognises that differences in legal interpretation may arise between the group and tax authorities and will engage proactively with them to seek early resolution.
• Any inadvertent errors in submissions made to tax authorities are fully disclosed as soon as reasonably practicable after they are identified.

2023

• IQGeo Group plc Annual Report 2023
• Interim results for six months ended 30 June 2023

2022

• IQGeo Group plc Annual Report 2022
• Interim results for six months ended 30 June 2022

2021

• IQGeo Group plc Annual Report 2021
• Interim results for six months ended 30 June 2021

2020

• IQGeo Group plc Annual Report 2020
• Interim results for six months ended 30 June 2020

2019

• IQGeo Group plc Annual Report 2019
• Interim results for the six months ended 30 June 2019

2018

• IQGeo Group plc Annual Report 2018
• Interim results for the six months ended 30 June 2018

This notice constitutes formal notification to remaining indirect shareholders, as at the date of this notice, of IQGEO Group plc (IQGEO) for purposes of Regulation 38(2) of the UK Alternative Investment Fund Managers Regulations 2013 (AIFM Regulations) that various funds, vehicles and / or accounts advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (KKR) acquired control by holding more than 50% of the voting rights of IQGEO on 23 September 2024. This control was acquired via Geologist Bidco Limited, a newly formed company indirectly majority-owned by funds, vehicles and / or accounts advised by KKR. As of 23 September 2024, Geologist Bidco Limited holds 100% of the issued share capital and voting rights of IQGEO.

Further information in relation to KKR, the structure of the transaction and, for purposes of Regulation 40(2) of the AIFM Regulations, KKR’s intentions as to the future business of IQGeo can be found in the documentation published on this webpage, specifically in section 9 of Part One of the Scheme Documents.

RECOMMENDED CASH ACQUISITION OF IQGEO GROUP PLC ("IQGEO") BY GEOLOGIST BIDCO LIMITED ("BIDCO") a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates ("KKR")

to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006

Summary

The boards of Bidco and IQGeo are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of IQGeo (the "Acquisition").

Read the full RNS announcement.

Recommended offer for IQGeo.

For media enquiries, please contact:

Neil Bennett, H/Advisors Maitland  - iqgeo@h-advisors.global

DAC Beachcroft
The Walbrook Building
25 Walbrook
London EC4N 8AF
Website: www.dacbeachcroft.com

Reporting Accountants – Grant Thornton LLP
Cambridge Office: 101 Cambridge Science Park, Milton Road, Cambridge, CB40FY 
Tel: +44 1223 225600 
Fax: +44 1223 225619 
Website: www.grantthornton.co.uk

Corporate Headquarters and registered office
IQGeo Group Ltd, 20 Station Road, Cambridge, Cambridgeshire, CB1 2JD
Tel: +44 1223 606655
Fax: +44 1223 535167 
Website: www.iqgeo.com