- Powerbridge Technologies ( NASDAQ: PBTS ) shares rose 3% Monday morning after the technology solutions firm acquired 19% stake in DTI Group.
- Financial terms of the transaction were not disclosed.
- DTI is a technology company specializing in international trade digitalization and platforms. It serves as a platform developer and service provider for UN's Digital Trading Infrastructure & Online Dispute Resolution project that aims to enhance digital trade connectivity and operations among online cross-border trade platforms and offline trade hubs.
- With the strategic acquisition, Powerbridge ( PBTS ) and DTI will be working closely together to implement the project.
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Powerbridge Technologies takes 19% stake in DTI Group