Infomedia Ltd (ASX:IFM) Acquires 50% Stake in Intellegam GmbH
Acquisition Details
Infomedia Ltd (ASX:IFM) has entered into a binding agreement to acquire a 50% stake in Intellegam GmbH, a European AI startup, for €6.1 million. The purchase price comprises cash paid over two years and approximately 2.85 million Infomedia shares, escrowed for two years. Additionally, €1.2 million will be invested directly into Intellegam to provide working capital. Infomedia holds the pathway to acquire the remaining 50% over five years, contingent on meeting defined financial and strategic milestones.
Strategic Rationale
The acquisition is a strategic move to accelerate Infomedia’s innovation agenda and unlock product-led growth within its global data ecosystem. By integrating Intellegam’s proprietary generative AI technology, already utilised by two Chinese OEM brands in Europe, Infomedia aims to enhance its automotive AI capabilities. Intellegam’s technology will be incorporated into Infomedia’s core product suite, enabling smarter insights, faster operations, and more meaningful customer experiences across OEMs, dealerships, and vehicle owners. The transaction is not expected to materially impact Infomedia’s FY25 P&L.
Executive Comments
CEO Jens Monsees stated, “The partnership with Intellegam is an exciting milestone for Infomedia. Intellegam will bring cutting-edge generative AI technology, that’s purpose-built for the automotive sector, into our business. With a proven turn-key product in market with two Chinese OEM brands and scalable IP ready to go, this acquisition reinforces our commitment to delivering intelligent, data-driven solutions that power the automotive ecosystem. By combining Intellegam’s innovative AI technology with our industry-leading automotive software and data solutions, we will enhance our existing product portfolio and bring new solutions to our customers. We look forward to welcoming the Intellegam team to Infomedia and working together to drive global opportunities.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Infomedia. The Motley Fool Australia has recommended Infomedia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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