Hardman & Co Initiates Coverage on accesso Technology Group

Hardman & Co Research has initiated coverage on accesso Technology Group (ACSO), a technology solutions provider for the global leisure and attractions industry. accesso services over 1,200 venues in 34 countries. Despite a significant drop in share price from late 2018 and a low point during the pandemic, the company is experiencing renewed growth. In the past five years, accesso has completed four acquisitions, expanding its functional and geographical capabilities.

accesso boasts a unique business profile and a leading market position, with robust cash generation and a strong balance sheet. Even with the recent market rally, the company’s valuation at 15 times the projected FY26 earnings is still below the high valuations seen from 2014 to 2018.