Serve Robotics (SERV) announced its agreement to acquire the assets of Vebu, a “trailblazer” in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed. The acquisition strengthens Serve’s strategic positioning by providing its restaurant partners with a suite of automation solutions and expanding Serve’s offering beyond delivery into back of house automation. Vebu will help Serve become a more integral partner to restaurants, accelerating partner adoption as Serve expands its geographic footprint in new cities across the U.S.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SERV:
- Serve Robotics Advances with Capital Raise and Expansion
- Serve Robotics Inc options imply 12.4% move in share price post-earnings
- Largest borrow rate increases among liquid names
- Coinbase initiated, Edwards Lifesciences upgraded: Wall Street’s top analyst cal
- Ladenburg starts Serve Robotics with Buy on large market disruption
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
