Netherlands-based conversational commerce platform CM.com announced on Tuesday that it has completed the acquisition of Tilburg-based consumer AI technology company Building Blocks. The Dutch company had, in December, 2021, agreed to the acquisition.
The deal has been made through a combination of cash and equity. The cash consideration amounts to €6.9M. The equity consideration will consist of 129,787 ordinary shares in the share capital of CM.com. The shares will be purchased by CM.com NV in the open market in the following weeks.