Woolworths to acquire an additional 28% stake in Quantium for $173m.

Woolworths, a retail company, agreed to acquire an additional 28% stake in Quantium, a data science and AI solution provider, for $173m. The deal is expected to be completed by the end of FY2021. “Advanced analytics is key to improving the experiences, ranges and services we provide to our customers and the support we provide to our teams and suppliers. The way we gather data, interpret it and protect it, is becoming ever more important. By working better together, we aim to transform the rapidly evolving retail sector, helping us better service our customers and support our team and supplier partners," Brad Banducci, Woolworths Group CEO.