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The Target Company, a European leader in merging AI and machine learning with advanced hardware solutions, is being acquired by Xylo Technologies Ltd. for 51% of its outstanding shares. Xylo’s strategy of developing high-growth potential technologies aligns with the Target Company’s approach of making manufacturing equipment smarter and more connected. Xylo’s newly appointed senior advisor, with expertise in AI, identified this potential acquisition. Xylo is a technologies company focused on growth partnerships in medical solutions, digital commerce, and electric vehicle markets.