Celsius To Acquire Energy Drink Rival Alani Nu For $1.8 Billion; Stock Surges 21%

Retail sales of Alani Nu in the United States, including convenience stores, grew by 78% compared to the previous year, according to Circana's report for the four weeks ending Jan. 26 this year. (Credit: YesMore Content/Unsplash)

Celsius Holdings announced Thursday that it will acquire energy drink rival Alani Nu for $1.8 billion, including $150 million in tax assets, for a net purchase price of $1.65 billion, comprising a mix of cash and stock. Following this announcement, Celsius Holdings' stock surged by 21%.

As per the official statement, the acquisition will create a leading health-focused beverage platform to meet the growing demand for zero-sugar energy drinks. The deal comes amid slowing revenue growth for Celsius, including year-over-year declines in the past two quarters. The deal is expected to close in the second quarter of 2025.