Yum! Brands Inc. (YUM) said that it agreed to buy Dragontail Systems Limited (DTS.AX) for A$93.5 million in cash.
Yum! Brands expects the acquisition of Dragontail to close by the end of the third quarter of 2021 and estimates that the deal will have an immaterial impact to its 2021 financial results.
Australia-based Dragontail's platform is focused on optimizing and managing the entire food preparation process from order through delivery. Its AI-based solution automates the kitchen flow combined with the process of dispatching drivers. The technology can also operate with outside food delivery partners.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.