NexTech AR Solutions Acquires eCommerce Business Infinite Pet Life
April 11, 2019
NexTech AR Solutions Corp. completed the acquisition of Infinite Pet Life for $1.85 million, adding an e-commerce pet supplements business that generated $2.2 million in revenue and $600,000 in EBITDA in 2018. NexTech said the deal provides a revenue-generating platform and customer base to showcase and deploy its AR/AI eCommerce technologies, including planned AR advertising and 3D product experiences.
- Buyers
- NexTech AR Solutions Corp.
- Targets
- Infinite Pet Life
- Industry
- E-Commerce
- Location
- United States
- Transaction Type
- Buyout
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