This strategic acquisition enhances Vection Technologies' position as a leader in the integrated -extended reality (XR) technology space, providing customers with innovative XR solutions and unlocking new organic growth opportunities.

Gianmarco Biagi, managing director of Vection Technologies, stated, "By acquiring Invrsion, we are not only adding cutting-edge technology to our portfolio but also gaining a talented team that will contribute to our organic growth. This acquisition aligns with our vision of staying at the forefront of innovation and solidifying our position as a leader in the industry."

The acquisition of Invrsion enables Vection Technologies to integrate Invrsion's technology within the INTEGRATEDXR suite, delivering remarkable advantages to customers and providing them with cutting-edge capabilities. This unlocks new customer opportunities, enhances their experience, and drives organic growth for the combined group.

Matteo Esposito, CEO of Invrsion, expressed, "This strategic acquisition unlocks a wealth of synergies, enabling us to further develop our proprietary technologies within the INTEGRATEDXR suite, delivering greater value to our customers. By merging our deep expertise in the retail industry with the cutting-edge capabilities of the INTEGRATEDXR suite, we are poised to drive substantial growth, offering transformative solutions that empower businesses to innovate."

Together, Vection Technologies and Invrsion are committed to unleashing their collective experience and passion, dedicated to assisting businesses in seizing the monumental customer opportunities presented by XR technology. The acquisition aligns with Vection Technologies' vision of expanding its technology portfolio and leveraging Invrsion's expertise to create significant value for shareholders while enhancing customer experiences.

Invrsion brings with it an impressive client portfolio that includes globally recognized brands such as Walgreens, Ferrero, Nestlé, Coca Cola, and Diageo. The company has also collaborated with renowned brands like Ralph Lauren and PepsiCo, further highlighting their expertise and industry standing. Additionally, Invrsion has established strategic partnerships with industry giants such as Microsoft, Ipsos, and Sketchfab, demonstrating their strong commercial alliances and their commitment to research and development. These partnerships contribute to Invrsion's commercial strength and provide valuable resources for continuous innovation and technological advancements. By leveraging these partnerships, Invrsion enhances its capabilities to deliver cutting-edge solutions, expand its market reach, and drive meaningful growth within the INTEGRATEDXR suite.

The performance-based consideration for the acquisition, based on revenue milestones from 2023 to 2026, reflects the long-term commitment of the vendors to Vection Technologies' organic growth strategy.

This acquisition solidifies Vection Technologies' position as a leader in the industry, driving innovation and delivering exceptional value to customers.