AI M&A Wave Coming in the Food and Beverage Sector

Patrick Manchester’s commentary was included in a Mergers & Acquisitions Magazine article examining the effects of artificial intelligence in the food and beverage industry. Patrick discusses how acquisitions will be beneficial in the food tech space.

“Food companies can gain an edge over competitors by bringing key technologies in-house, as acquisitions can be more efficient than developing technologies internally, conducting smart due diligence, and using creative strategies to bridge valuation gaps and smooth the pathway to regulatory clearance," he says. "We also expect many food companies will engage in collaborations and joint ventures as a prelude to acquisitions or as a path to development of new technologies like quantum computing. These initial deals allow food companies to pilot and conduct diligence on the technology with a lower upfront commitment.”