Nightfood to Close Key Strategic Acquisitions in Hospitality Automation
Deal News | Mar 27, 2025 | Globenewswire
Nightfood Holdings, Inc., a company listed on the OTCQB market under the ticker NGTF, is making significant strides in the hospitality industry by integrating artificial intelligence (AI) with strategic acquisitions. On March 27, 2025, the company announced the imminent finalization of two key acquisitions: Carryout Supplies (S W C Group) and Skytech Automated Solutions, Inc. Carryout Supplies will enhance Nightfood's supply chain operations, while Skytech, with its robotics and AI-driven solutions for the hospitality sector, will support a shift towards automated efficiency. These moves align with Nightfood's strategy of leveraging AI-powered robotics to streamline hotel operations, reduce costs, and tackle labor shortages. With such strategic acquisitions, Nightfood is positioning itself as an industry leader in hospitality automation, aiming to tap into the burgeoning global service robotics market projected to exceed $170 billion by 2030. Jamie Steigerwald, Nightfood's chairman, underscored the transformative potential of these acquisitions, which are expected to create substantial growth and value for the company's shareholders. Despite the positive outlook, Nightfood cautions that its forward-looking statements are subject to risks, as disclosed in the company's SEC filings.
Sectors
- Hospitality
- Artificial Intelligence
- Robotics
Geography
- United States – Nightfood Holdings is headquartered in Tarrytown, NY, indicating that the company's primary operations and acquisitions are based in the United States.
Industry
- Hospitality – The article discusses Nightfood Holdings' expansion in the hospitality sector through acquisitions that enhance its automation and supply chain operations.
- Artificial Intelligence – Nightfood Holdings is leveraging AI-powered robotics to redefine hotel operations, highlighting its involvement in the AI industry.
- Robotics – With the acquisition of Skytech Automated Solutions, a provider of robotics in hospitality, Nightfood is poised to expand its presence in the robotics industry.
Financials
- $170 billion – The projected size of the global service robotics market by 2030, representing a key growth area for Nightfood Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nightfood Holdings, Inc. | Acquirer | Company | A company revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. |
| Carryout Supplies (S W C Group) | Target Company | Company | A company involved in the hospitality supply chain, soon to be acquired by Nightfood Holdings. |
| Skytech Automated Solutions, Inc. | Target Company | Company | A provider of robotics and AI-driven solutions for the hospitality industry, targeted for acquisition by Nightfood Holdings. |
| Jamie Steigerwald | Chairman | Person | The chairman of Nightfood Holdings who commented on the strategic acquisitions. |