M&A Deal Summary

PreAct Technologies Acquires Gestoos

On January 11, 2023, PreAct Technologies acquired information technology company Gestoos

Acquisition Highlights

This is PreAct Technologies’ 1st transaction in the Information Technology sector.
This is PreAct Technologies’ 1st transaction in the United States.
This is PreAct Technologies’ 1st transaction in California.

M&A Deal Summary
Date	2023-01-11
Target	Gestoos
Sector	Information Technology
Buyer(s)	PreAct Technologies
Deal Type	Add-on Acquisition

Target

Gestoos

San Francisco, California, United States

Gestoos provides a software platform that enables users with no specialized training to quickly generate AI algorithms that address their use cases. The company's technology is currently being used or evaluated in a variety of applications, including: activity monitoring (automotive, public spaces, industrial safety), spatial awareness (cargo logistics, safety in industry), gesture device control (healthcare, robotics, digital display, consumer electronics, automotive). Gestoos is based in San Francisco and Barcelona.

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