Neptune Wellness Reveals LoI To Acquire Data-Marketing And Artificial Intelligence Company, Datasys, for Total Potential Consideration Of $112M
Portfolio Pulse from Benzinga Newsdesk
Neptune Wellness has announced a Letter of Intent (LoI) to acquire Datasys, a data-marketing and artificial intelligence company, for a potential total consideration of $112 million. Datasys reported unaudited revenues of $25.2 million and EBITDA of $9.1 million for the full year 2022.
November 20, 2023 | 1:03 pm
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Neptune Wellness's intent to acquire Datasys for $112M could potentially enhance its market position by integrating Datasys' data-marketing and AI capabilities. Datasys' strong financial performance in 2022 indicates a positive outlook for the acquisition.
The acquisition of Datasys by Neptune Wellness is likely to be viewed positively by investors due to the potential for enhanced capabilities and market position. Datasys' strong financial performance suggests that the acquisition could be accretive to Neptune Wellness's earnings. The total consideration of $112 million indicates a significant investment by Neptune Wellness, which could lead to expectations of revenue growth and operational synergies.
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