tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Youxin Technology completes acquisition of Celnet

Youxin Technology (YAAS) completed the previously announced acquisition of Celnet Technology. The Acquisition marks a major milestone in advancing Youxin Technology and Celnet’s strategic expansion and internationalization. Together, the two companies aim to deliver advanced AI-driven enterprise solutions leveraging existing large-model technologies. Following the closing of the Acquisition, Youxin Technology now holds 51% of the equity interests in Celnet. The Acquisition is expected to contribute approximately $1.3 million in revenue in the first half of fiscal year 2026, which would lead to a 376% increase in the Company’s revenue compared to the same period in fiscal year 2025.

TipRanks Black Friday Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1