22-11-2023

Almawave, an Italian company listed on the Euronext Growth Milan market (Ticker: AIW), and part of the Almaviva Group, active in the Data & Artificial Intelligence sector, has announced that its subsidiary, The Data Appeal Company S.p.A., has signed a binding agreement to acquire 70% of the share capital of Mabrian Technologies S.L. (hereinafter “Mabrian”). The latter company, based in Spain (Menorca and Barcelona) and active in the development of solutions in the field of Travel and Destination Intelligence, is focused on innovative data analytics and AI decision intelligence KPI solutions.

The transaction is part of the Almawave Group’s strategy of international expansion and growth, as well as its progressive market focus, positioning it among the leading companies in the global market of Tourism Destination Intelligence solutions.

Valeria Sandei, CEO of Almawave and President of The Data Appeal Company, said: “This acquisition highlights Almawave’s ability to continue along the path of its defined strategy, which focuses on international growth and the use of artificial intelligence technologies in specific vertical sectors. The result of the merger between The Data Appeal Company and Mabrian is one of the leading international companies in advanced analytics for tourism, an increasingly data-driven sector.”