XMachina AI Group Inc. Completes Business Combination to Acquire XMachina-AI Inc.
June 9, 2022
XMachina AI Group Inc. (formerly 1210352 B.C. Ltd.) completed a business combination on June 7, 2022, pursuant to which it acquired XMachina-AI Inc. and renamed the resulting issuer XMachina AI Group Inc. The Resulting Issuer will carry on XMAI's business, intends to apply to list its subordinate voting shares on the Canadian Securities Exchange, and plans to accelerate growth by injecting capital and talent into AI and data-analytics businesses.
- Buyers
- XMachina AI Group Inc.
- Targets
- XMachina-AI Inc.
- Sellers
- Former shareholders of XMachina-AI Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
XMachina-AI Inc. Acquires Bain Public Inc.
December 31, 2021
Consulting
XMachina-AI Inc. acquired 100% of Bain Public Inc.'s outstanding shares on December 31, 2021 in a deal consisting of cash and share consideration that vests over time. The acquisition brings Bain Public’s niche product-management and consulting expertise (and Montreal AI-accelerator presence) into XMachina to expand the buyer’s in‑house product capabilities and deal flow as it pursues growth and an upcoming public listing.
-
SpaceX Acquires xAI
February 2, 2026
AI & Machine Learning
SpaceX has acquired xAI in a transaction reported to value the combined company at about $1.25 trillion. The deal is described as a vertical integration to combine SpaceX’s launch and satellite infrastructure with xAI’s AI model development capabilities, including ambitions for space-based data centers and orbital compute.
-
xAI Acquires X (formerly Twitter)
March 29, 2025
AI & Machine Learning
Elon Musk's AI company xAI has acquired X (formerly Twitter) in an all-stock transaction that values X at $33 billion and xAI at $80 billion. The deal combines xAI's models, data, compute and talent with X's distribution and data to accelerate integration of xAI's Grok chatbot and other AI capabilities into the social platform.
-
BGM Group Ltd Acquires YX Management Company Ltd.
April 28, 2025
AI & Machine Learning
BGM Group Ltd. (NASDAQ: BGM) completed the acquisition of YX Management Company Ltd. on April 25, 2025, issuing 47.5 million Class A ordinary shares in an all‑share transaction valuing YX at US$95.0 million. The deal gives YX shareholders approximately 32.6% of BGM's equity (about 2.2% voting power) and is intended to accelerate BGM's AI-driven transformation by integrating YX's intelligent mobility platform and AI capabilities across BGM's insurance, mobility and digital services businesses.
-
SymphonyAI Group Acquires Azima Global (Symphony AzimaAI)
May 15, 2019
AI & Machine Learning
SymphonyAI Group acquired Azima Global, a provider of cloud-based machine condition monitoring, diagnostic and analytics solutions for process and manufacturing industries, and has renamed the business Symphony AzimaAI. The deal integrates Azima's equipment diagnostics and domain expertise with SymphonyAI's eurekaAI platform to deliver AI-driven predictive maintenance and asset reliability solutions and support product, equipment-coverage and geographic expansion.
-
AI/ML Innovations Inc. Acquires Quantum Sciences Ltd
December 10, 2024
AI & Machine Learning
AI/ML Innovations Inc. entered into a binding share purchase agreement to acquire all issued and outstanding shares of Quantum Sciences Ltd for a purchase price of $690,000 to be paid by the issuance of 10,000,000 common shares. The acquisition (SPA dated December 9, 2024) brings digital health AI/ML and quantum‑inspired capability into AI/ML Innovations' portfolio and remains subject to customary closing conditions and CSE approval.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.