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New Deal


Announced

Applied Intuition to acquire Embark Technology for $71m.

Financials

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Transaction Value£57m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Friendly

Single Bidder

Pending

Majority

Public

Automobiles

trucks

self-driving vehicle

United States

Synopsis

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Applied Intuition, a tooling and software provider, agreed to acquire Embark Technology, a vehicle software provider, for $71m. "We are excited to acquire Embark. This acquisition should enable us to advance our products and solve more specific, complex challenges for our customers. We respect the work Embark has accomplished in the autonomous vehicle industry and look forward to leveraging their expertise to better serve our global customer base," Qasar Younis, Applied Intuition Co-Founder and CEO.

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