Supply@ME Capital plc is to acquire an inventory ownership business.

SYME’s platform is used by manufacturing and trading companies to monetise their inventory. It has entered heads of terms to buy Société Financière Européenne’s inventory ownership business.

This comprises independent stock companies, together with the relevant contractual arrangements, intellectual property rights and operating infrastructure.

The proposed acquisition forms part of London-based SYME’s strategy to evolve its business model towards direct inventory ownership and capital deployment.