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Altus Group Acquires Valos

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Altus Group (AIF.TO) has acquired Valos (U.K.) Limited, it said Thursday.

Valos is an AI-powered platform founded in 2020 that connects UK valuation firms and mortgage lenders in a single workflow, said the company.

"Valos is a strong fit for Altus, expanding our capabilities in the valuation and lending workflow with AI-native technology that improves speed, accuracy and confidence in decision-making," said Altus Chief Executive Officer Mike Gordon.

Details of the acquisition were not provided.

The company's shares were last seen down C$1.01 at C$45.78 on the Toronto Stock Exchange.

Price: $45.76, Change: $-1.03, Percent Change: -2.20%

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