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mCloud Technologies, a provider of asset management solutions combining IoT, cloud computing, artificial intelligence and analytics, has announced it has signed a contract to acquire technologies from AirFusion.
Also being acquired from AirFusion are its subsidiary AirFusion GmbH, existing customer contacts, and technologies under development from its partner in Warsaw, Poland. The Company advises that the full purchase consideration for the acquisition of AirFusion's assets is not material to the Company. Due to the sensitive nature of the transaction, the full consideration is not disclosed.
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