Infomedia (ASX:IFM) signed a binding agreement to acquire 50% of European artificial intelligence (AI) start-up Intellegam for 6.1 million euros, according to a Friday filing with the Australian bourse.
The deal aims to enhance Infomedia's product suite with Intellegam's generative AI technology, which improves repair data interpretation and customer experience in the automotive sector, the filing said.
The transaction involves a mix of cash and 2.9 million Infomedia shares, with 1.2 million euros invested into Intellegam for working capital, the filing added.
Infomedia also has the option to acquire the remaining 50% of Intellegam over five years, based on financial and strategic goals, the company said.
The deal is set to close by March 1, with no significant impact expected on Infomedia's fiscal 2025 financials, the company added.
Shares of the company rose nearly 2% in recent Friday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。