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Genai Closes Acquisition Of Ai Compute Business And Repricing Of Conversion Price Of Convertible Debentures

Jun 19, 2023over 2 years ago

Acquiring Company

PhysicsX

Acquired Company

COMPUTE BUSINESS

LondonSoftware

Description

Generative AI Solutions Corp. ("GenAI" or the "Company") (CSE: AICO) (‎FSE: 99L.F) (OTC: AICOF) is pleased to announce that it today closed its previously announced acquisition of AI compute business, Pulse AI Compute Solutions Inc. ("Pulse AI").

Company Information

Company

PhysicsX

Location

London, England, United Kingdom

About

PhysicsX is a deep-tech company of scientists and engineers, developing machine learning applications to massively accelerate physics simulations and enable a new frontier of optimization opportunities in physical design and engineering. Born out of numerical physics and battle-hardened in Formula One, we help our customers radically improve their concepts and designs, transform their engineering processes and drive operational product performance. We do this in some of the most advanced and important industries of our time – including Space, Aerospace, Medical Devices, Additive Manufacturing, Electric Vehicles, Motorsport, and Renewables. We work at the edge of advanced CAE, physics simulation and machine learning, to solve our customers’ most difficult design and control problems.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed