PDI Technologies Expands Digital Presence with P97 Networks Acquisition

Deal News | Apr 01, 2025 | Globenewswire

PDI Technologies Expands Digital Presence with P97 Networks Acquisition

PDI Technologies, an eminent leader in providing solutions for the convenience retail and petroleum sectors, announced its acquisition of P97 Networks, a noted player in digital marketing and mobile commerce solutions for the fuel and automotive industries. P97's cloud-based platform currently facilitates mobile payment applications for prominent fuel brands and supports innovations across the automotive sector. This acquisition is part of PDI's strategic expansion, following other acquisitions that extended capacities in cybersecurity and point of sale solutions. PDI plans to invest further in the P97 platform, aiming to enhance its availability and consumer payment capabilities across emerging technologies. Financial advisors for the deal were Berenson & Company, LLC for PDI and BofA Securities for P97.

Sectors

  • Technology
  • Fuel and Automotive
  • Retail and Wholesale

Geography

  • United States – Both PDI Technologies and P97 Networks are based in the United States, influencing the geographical scope of the acquisition.

Industry

  • Technology – The acquisition is heavily focused on expanding digital and mobile technology offerings, consistent with the tech industry's nature of innovation and platform expansion.
  • Fuel and Automotive – P97 Networks provides mobile commerce and marketing platforms to fuel retailers and automotive sectors, which are pivotal to the industry.
  • Retail and Wholesale – PDI Technologies serves the convenience retail and petroleum wholesale ecosystem, making this a relevant industry classification.

Financials

    Participants

    NameRoleTypeDescription
    PDI TechnologiesAcquiring CompanyCompanyA global leader in solutions for the convenience retail and petroleum wholesale sectors.
    P97 NetworksTarget CompanyCompanyA mobile commerce and digital marketing platform for the fuel and automotive markets.
    Berenson & Company, LLCFinancial AdvisorCompanyServed as financial advisor to PDI Technologies during the acquisition.
    BofA SecuritiesFinancial AdvisorCompanyServed as financial advisor to P97 Networks during the acquisition.
    Donald FriedenCEO and FounderPersonCEO and Founder of P97 Networks.
    Matt AndrewsExecutive Vice President, Site SolutionsPersonExecutive Vice President at PDI Technologies.
    Jimmy FrangisCEOPersonCEO of PDI Technologies.