Irisity completes acquisition of Ultinous for SEK 45 million

Irisity AB has completed the acquisition of 100% of the shares in Ultinous Zrt, a Swedish-Hungarian AI company specializing in Nvidia-based AI video analytics, for a consideration of SEK 45 million on a cash and debt free basis. The acquisition was financed through an in-kind issue of 9,000,000 new shares and a directed share issue of SEK 45 million from StockhornCapital AB.

“We are pleased to announce the closing of the”inderes.dk

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• inderes.dkPRESS RELEASE - Irisity AB (publ) completes the acquisition of Ultinous and resolves on new share issues - InderesDec 8, 2022

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