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New Deal


Announced

Yum! Brands to acquire Dragontail Systems for $73m.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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food technology

Software

Pending

software development

Friendly

Public

Australia

Acquisition

Single Bidder

Majority

Cross Border

Synopsis

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Yum! Brands, an American fast food corporation, agreed to acquire Dragontail Systems, an innovative provider of technology solutions for the food industry, for $73m. "With Dragontail, we expect to tap into the power of AI to accelerate and further enhance our delivery technology capabilities, especially at Pizza Hut, and optimize the end-to-end food preparation process," Chris Turner, Yum! Brands CFO.

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