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HomePress ReleasesNovaTech Industries
Press ReleaseBusiness

NovaTech Industries Announces $2.4B Acquisition of TechVenture Corp

Strategic acquisition positions NovaTech as the dominant force in enterprise AI infrastructure

NovaTech IndustriesSan Francisco, CAAugust 12, 2026

SAN FRANCISCO, CA — NovaTech Industries, Inc. (NASDAQ: NVTK) today announced it has entered into a definitive agreement to acquire TechVenture Corp in an all-cash transaction valued at approximately $2.4 billion, or $48.00 per share.

"This acquisition represents a transformative moment for NovaTech and for the enterprise AI industry as a whole," said Dr. Elena Vasquez, Founder and CEO of NovaTech Industries. "TechVenture's infrastructure capabilities, combined with our AI platform, will create an unmatched solution for enterprise customers."

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by TechVenture Corp shareholders.

NovaTech Industries has secured committed financing from Goldman Sachs and Morgan Stanley to fund the acquisition. The company expects the transaction to be accretive to non-GAAP earnings per share in the first full year following close.

J.P. Morgan Securities LLC is serving as financial advisor to NovaTech Industries, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.

About NovaTech Industries

NovaTech Industries is a leading enterprise AI infrastructure company serving Fortune 500 clients across 40 countries. Founded in 2014 by Dr. Elena Vasquez, the company has grown to over 8,000 employees and $1.2 billion in annual revenue.

Media Contact

Jennifer Park

VP, Communications

+1 (415) 555-0192[email protected]