Concorde International Group Ltd. shares surge 15.93% intraday after merging with $600M-valued YOOV to integrate AIaaS automation and security services.

Concorde International Group Ltd. surged 15.93% intraday as it announced a merger with YOOV Group Holding Limited, valued at $600 million. The deal aims to integrate AI-as-a-Service (AIaaS) automation solutions with security services, creating an AI-driven security ecosystem. Concorde, which specializes in smart security services through technology-driven monitoring and facility management, stated the merger will enhance its AI capabilities and expand customer reach.