Brief: Done.Ai Acquires Huddlestock's Investment-As-A-Service Platform

Done.ai AB

14/04/2025 07:03

April 14 (Reuters) - 24SevenOffice Group AB 247.ST:

DONE.AI GROUP AB ACQUIRES HUDDLESTOCK'S INVESTMENT-AS-A-SERVICE PLATFORM TO ACCELERATE ITS AI-NATIVE FINTECH EXPANSION ACROSS THE NORDICS

ACQUIRED IAAS BUSINESSES CURRENTLY GENERATE ANNUAL REVENUES OF APPROXIMATELY MSEK 30

DONE.AI EXPECTS TO SIGNIFICANTLY IMPROVE PROFITABILITY IN QUARTERS FOLLOWING TRANSACTION THROUGH IDENTIFIED COST EFFICIENCIES, OPERATIONAL SYNERGIES, AND REVENUE GROWTH

TOTAL CONSIDERATION FOR ACQUISITION AMOUNTS TO AN ENTERPRISE VALUE OF MNOK 70

Source text: ID:nWkr8vmb5S

Further company coverage: 247.ST

 (Gdansk Newsroom)

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