GlobalTech Corporation, a U.S. technology holding company, announced the acquisition of a 51% interest in Moda in Pelle, a premium footwear brand in the UK market.
Moda in Pelle (MIP) generated approximately $37 million in net revenues in its last fiscal year, maintaining a strong presence in the UK market.
The acquisition is set to enhance GlobalTech's e-commerce capabilities through Thrivo AI activation in the MIP ecosystem and strengthen its operational footprint in the UK.
Acquisition Value
Expected to provide GlobalTech with additional revenue stream and enhance technology capabilities.
Thrivo AI Deployment
Expected to boost business operations for both GlobalTech and Moda in Pelle.
Strategic Fit
GlobalTech sees the acquisition as a perfect fit, providing access to the lucrative UK market.
- The acquisition is anticipated to create substantial value for GlobalTech, improve technology capabilities, and offer direct access to the UK market.
- Thrivo AI deployment in Moda in Pelle's operations is expected to further drive business operations for both companies.
GlobalTech Corporation's acquisition of Moda in Pelle marks a significant milestone, enhancing its market presence and strengthening its position in the UK. The strategic move is projected to drive growth and boost operational efficiency for both companies.