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The latest update is out from Pinewood Technologies ( (GB:PINE) ).
Pinewood Technologies has announced its agreement to acquire the remaining 90.9% stake in Seez App Holding Ltd., a notable AI and ML-powered automotive SaaS platform, for $42 million. This acquisition is expected to significantly enhance Pinewood’s AI capabilities, positioning the company to meet the growing demands of North American car dealers. The acquisition aligns with Pinewood’s strategic goals to expand its AI product offerings and improve its competitive position in the automotive technology market, leveraging Seez’s established customer base and advanced AI solutions.
More about Pinewood Technologies
Pinewood Technologies Group PLC is a leading pure-play cloud-based software business that provides innovative retail solutions to the automotive industry. The company focuses on delivering cutting-edge technology to automotive dealer groups globally, enhancing dealer management systems with AI and ML capabilities.
YTD Price Performance: -5.71%
Average Trading Volume: 385,777
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £286.8M
See more insights into PINE stock on TipRanks’ Stock Analysis page.
