Diageo plc (LSE:DGE) acquired Vivanda, Inc. on June 29, 2022. The acquisition has been funded through existing cash resources. Diageo completed further acquisitions in the year ended June 30, 2022. The total upfront consideration for these transactions was £26 million in addition to further contingent consideration of £18 million linked to performance targets and a further deferred consideration of £4 million. Vivanda 's team will join Diageo and its founders, Chief Executive Officer, Oli Fuchs, and Chief Technical Officer, Matt Corish, will provide ongoing consultancy services to continue building on the success of the FlavorPrint technology. Colby Gartin and Robert M. Dang of Acceleron Law Group, LLP acted as legal advisors for Vivanda, Inc. Jon Morris of Morgan, Lewis & Bockius LLP acted as legal advisor to Diageo plc (LSE:DGE).

Diageo plc (LSE:DGE) completed the acquisition of Vivanda, Inc. on June 29, 2022.