Robotics

Livento Group (NUGN) Finalizing Acquisition of AI Robotics Company

NuGene International

NuGene International, Inc./Livento Group, Inc. (OTC Pink: NUGN), a dynamic group that specializes in acquiring and developing companies with disruptive business models in film, content, and technology for fund managers, announced today it is exploring acquisition with a Software Engineering Company focused on AI and Robotics.

“We are proceeding with the due diligence of the full acquisition of this company. This company specializes in Software development and AI robotics engineering with various applications for the last five years. The Company has growth of 50% on a year-to-year base and seeks an active partner to further expand to new markets,” commented David Stybr, Livento Group CEO. “We are in the process of completing due diligence and target to finalize the transaction before the end of 2022.”

The company has a team of eight engineers that are delivering services and products to various customers in Europe, with strong revenues and a positive EBITDA that is fully sustainable acquisition with Livento would bring potential to reach US market clients and get more marketing opportunities for its current services and products.

Livento’s interest in the company is as well to use their knowledge and resources to strengthen Elisee program, increase its stability and robustness as well as trade and signal automation.

More details about company products and services will be announced once the due-diligence process is completed and Livento will be preparing definitive agreements.

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