Xylo Technologies Ltd (XYLO) has released an update.
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Xylo Technologies Ltd., an Israel-based tech company, has signed a letter of intent to acquire a German AI firm known for its predictive maintenance and monitoring technologies across various industries. The acquisition aims to enhance Xylo’s AI portfolio, leveraging the target’s expertise in creating more efficient and eco-friendly processes in sectors such as aerospace and transportation. The deal involves an initial payment and majority share acquisition, with the final transaction price contingent on the German company’s 2024 financial performance.
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