LINCOLNSHIRE -- Zebra Technologies Monday said it intends to acquire Antuit.ai, a provider of artificial intelligence-powered software solutions specific to forecasting and merchandising for the retail and consumer packaged goods industries.
Antuit.ai is now owned by a consortium led by Goldman Sachs Asset Management. Financial terms of the agreement were not disclosed.
Antuit.ai, based in Dallas, utilizes artificial intelligence and machine learning algorithms to ensure its customers have the right product in the right place, at the right time, at the right price based on the current state of the supply chain, store inventory and consumer demand, Zebra said.
"Through its synergies with our retail store execution portfolio, the acquisition of Antuit.ai will further drive our ability to bring the power of AI to our customers, and meet the demands of today's consumer," said Anders Gustafsson, chief executive officer of Zebra Technologies.
Zebra's market-leading solutions improve patient care and elevate the shopping experience by tracking and managing inventory, and improving supply chain efficiency.