# 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.

- Type: Acquisition
- Announced: 2022-12-08
- Status: completed
- Products: AI video analytics software, Nvidia-based video analytics
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Irisity AB](https://endata.com/companies/67178.md) (acquirer)
- [Ultinous Zrt](https://endata.com/companies/67179.md) (target)
- [StockhornCapital AB](https://endata.com/companies/67180.md) (investor)

## Sources

- [inderes.dk](https://www.inderes.dk/en/releases/press-release-irisity-ab-publ-completes-the-acquisition-of-ultinous-and-resolves-on-new-share-issues), 2022-12-08: "We are pleased to announce the closing of the"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.