The sale of its Macdonald Dettwiler & Associates’ (MDA) Information Products Division to TPG Capital has been completed.

TPG has established a new holding company called Property Data Holdings into which these businesses will now sit.

These include xit2, SearchFlow, and the NLIS Hub in England and Wales, Millar and Bryce in Scotland, Rochford Brady in the Republic of Ireland, together with the joint venture company Wertwiser in Germany, which form a wider group of European businesses within Property Data UK Limited.

xit2’s existing management team will remain in place. Mark Blackwell, managing director of xit2, said: “While its business as usual with the change of ownership