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Motomova (OTC: MTMV), a key player in developing and supplying electric motor testing solutions, has finalized its acquisition of Skillr, a venture-backed developer of mobile applications. This acquisition is part of Motomova's strategic plan for 2024-2025, aimed at expanding its SaaS product suite to meet global demands for innovative solutions.
The acquisition deal includes approximately 31.86 million shares of common stock, 13.80 million warrants, and 7.29 million pre-funded warrants issued to Skillr's shareholders. Motomova's CEO, Menny Shalom, will also take over as CEO of Skillr.
Skillr, founded in 2020, specializes in mobile applications for both consumer and enterprise markets. This acquisition is expected to enhance Motomova's product offerings and strengthen its market position in the industrial technology sector.
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