M&A Deal Summary

Xcite Automotive Acquires Double4 AI

On August 13, 2024, Xcite Automotive acquired information technology company Double4 AI

Acquisition Highlights
  • This is Xcite Automotive’s 1st transaction in the Information Technology sector.
  • This is Xcite Automotive’s 4th transaction in the United States.

M&A Deal Summary

Date 2024-08-13
Target Double4 AI
Sector Information Technology
Buyer(s) Xcite Automotive
Deal Type Add-on Acquisition

Target

Double4 AI

United States
Double4 AI provides AI technology.

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Buyer(S) 1

Buyer

Xcite Automotive

Chicago, Illinois, United States

Category Company
Sector Media
DESCRIPTION

Xcite Automotive is a creating, managing, and syndicating a wide array of vehicle media, data, and physical merchandising content for retailers and their digital marketing partners nationwide has transformed it into one of the fastest-growing solution providers in the automotive industry.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United States M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 Pinnacle Automotive

Owings Mills, Maryland, United States

Pinnacle Automotive provides quality services to automotive dealerships and improves their internal logistics by creating efficient processes and solving challenges unique to the industry. Pinnacle Automotive is based in Owings Mills, Maryland.

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