iTWire - SenSen inks agreement to acquire Scancam : vimarsan

iTWire
Wednesday, 26 May 2021 16:03
SenSen inks agreement to acquire Scancam
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SenSen CEO Dr. Subhash Challa
Australian-listed AI data fusion enterprise solutions provider SenSen Networks is set to acquire Scancam Industries, a provider of AI solutions for fuel retailers in Australia.
SenSen (ASX:SNS) announced on Wednesday it has entered into a Share Purchase Agreement for the acquisition of 100% of the issued share capital in Scancam Industries.
The proposed acquisition follows the completion of technical, financial and legal due diligence by SenSen.
Scancam’s anti-fuel theft solution is designed to prevent drive-offs from motorists at service stations, and protects the profits of fuel retailers.

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