Live Verdure Acquires Controlling Stake in Decidr.ai for $13.2 Million

December 31, 2024 12:34 PM AEDT | By Team Kalkine Media

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Live Verdure Acquires Controlling Stake in Decidr.ai for $13.2 Million — Image source: shutterstock

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Highlights

Live Verdure (LV1) increases its stake in Decidr.ai to 51%, becoming the majority owner.

The acquisition is valued at $13.2 million, facilitated by an interest-free loan.

LV1 aims to accelerate Decidr's AI-driven growth and expand its impact across multiple industries.

Live Verdure Limited (ASX:LV1) has successfully acquired an additional 6% equity stake in Decidr.ai Pty Ltd, bringing its total holding to a controlling 51%. The acquisition, valued at $13.2 million, positions LV1 as the majority shareholder of one of Australia’s leading AI technology platforms. The purchase is being financed through an interest-free loan from Decidr Group Pty. Ltd., payable over a 36-month term.

Strategic Focus on AI Growth and Value Creation

This acquisition aligns with LV1’s ongoing strategy to drive AI-enablement across its operations, with a particular focus on its core health and wellness brands, including Edible Beauty and 13 Seeds. By increasing its influence over Decidr, LV1 aims to harness the power of AI to streamline operations, enhance customer engagement, and optimize sales across its portfolio.

Decidr.ai’s rapid traction in diverse industries—ranging from eCommerce to healthcare—has already opened up new revenue streams and opportunities for scalable growth. The acquisition strengthens LV1’s ability to guide Decidr’s strategic direction, ensuring continued innovation and expansion of its transformative AI solutions.

Building on Early Success in AI-Driven Business Models

The partnership between LV1 and Decidr has already delivered significant results, particularly within Edible Beauty. AI-enabled initiatives have led to improved operational efficiency, customer interactions, and revenue growth. A successful Proof of Concept (POC) deployment demonstrated AI’s potential to reduce costs and optimize decision-making in areas such as inventory management and content production.

As LV1 assumes greater control over Decidr, it plans to apply the same AI-enablement framework across its broader portfolio, further solidifying its position as a leader in AI-driven solutions across multiple sectors. The move underscores LV1’s commitment to creating long-term shareholder value through innovation and strategic expansion in the AI space.

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