Kinetic Group Finalizes Acquisition of Binnops US Technologies an AI Company Providing Digital Transformation Solutions

Increasing Enterprises’ Margins by Making Physical Assets and Processes Smarter, More Productive, More Efficient KINETIC GROUP INC (OTCMKTS:KNIT) We recognize the need for enterprises to embark on their digital transformation journey and with this acquisition KNIT is the perfect partner to go on this journey.” — Ana Maria Mendez MIAMI, FLORIDA, UNITED STATES, January 2, 2024 / EINPresswire.com / — Kinetic Group Inc., (“OTC: KNIT”), www.knitgrp.com , has acquired 100% of US based BINNOPS US TECHNOLOGIES INC in an all stock transaction. Binnops is a leading provider of profitable artificial intelligence software solutions to enterprises in the energy, manufacturing, transportation, aeronautical, retail and government sectors. The acquisition positions KNIT as a leading provider of Digital Twins, Smart Assets, AI predictive analytics and Metaverse engagement to enterprises and retail clients. Delivering transformative digital technologies since 2016, Binnops has provided customizable solutions to leading Fortune 500 companies, across the globe, with lifetime contract revenue of over six million dollars. As a result, KNIT acquires a robust portfolio of clients, spanning the globe, and a pipeline of business opportunities. With expected sales of US$5.1M and EBITDA of US$2.8M, in the first year after the acquisition, Binnops’ smart asset solutions drive real digital […]

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