Announced
Financials
Sources
Tags
Private Equity
Single Bidder
artificial intelligence
digital services
Finland
Friendly
Acquisition
Pending
Minority
Digital Services
Private
Cross Border
Synopsis
Altor, a private equity firm, agreed to invest in Silo AI, an artificial intelligence company. Financial terms were not disclosed. “To take the next steps on our journey, now is a good time to enter a partnership with Altor. When executing our ambitious growth plan, with this we ensure that Silo AI will be able to better serve our international client base and continue putting employees first when growing. On our long-term commitment to build a European AI flagship, we’re still in the very beginning. I am more than honored to continue this exciting journey with all Silonauts, and to welcome Altor onboard,” Peter Sarlin, Silo AI CEO and Co-Founder.
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