Somnigroup acquires 15.6% stake in Fullpower-AI for $25 million

DALLAS - Somnigroup International Inc. (NYSE:SGI), the world’s largest bedding company with a market capitalization of $15.36 billion, announced Thursday it has acquired a 15.6% stake in biosensing AI solutions provider Fullpower-AI for $25 million. According to InvestingPro data, the company has demonstrated robust growth with a 30.52% return year-to-date.

The investment comes alongside a multi-year extension through 2036 of Tempur Sealy’s exclusive rights to embed Fullpower’s Sleeptracker-AI technology in its products. Tempur Sealy is a wholly-owned business of Somnigroup.

The partnership between the companies dates back to 2019, with Fullpower’s Sleeptracker technology having powered the TEMPUR-Ergo Smart Base collection for more than 250 million nights of sleep, according to the company’s press release.

"This strategic investment reflects our deep commitment to furthering innovation and enhancing the future of the consumer experience," said Scott Thompson, Somnigroup Chairman and CEO. The company’s strong performance is reflected in its stock price of $73.64, trading near its 52-week high of $75.69. InvestingPro analysis reveals 14 additional investment tips for this stock, available to subscribers.

The extended agreement secures Tempur Sealy’s continued access to Fullpower’s AI sleep platform, which provides sleep insights and coaching for consumers. The sleep data collected through the technology also enables the company to analyze consumer behaviors for product development.

Somnigroup operates in more than 100 countries worldwide through its fully-owned businesses, which include Tempur Sealy, Mattress Firm and Dreams. The company’s brand portfolio includes Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy’s.

Fullpower-AI offers an enterprise-grade biosensing solution for the health, wellness, senior living, and sleep science sectors, with its technology independently vetted by Stanford Medicine and UCSF.

In other recent news, Somnigroup International Inc. has declared a quarterly cash dividend of $0.15 per share for the third quarter of 2025, payable on September 5 to shareholders of record as of August 21. KeyBanc has raised its price target for Somnigroup to $90, citing the strategic benefits from the integration of Mattress Firm, which is expected to drive long-term value creation. The company’s Board of Directors has also extended CEO Scott Thompson’s contract through December 31, 2029, ensuring continued leadership stability. Somnigroup has successfully repriced its $1.6 billion Term Loan B, reducing the applicable margin and prepaying $100 million of the outstanding principal balance. Additionally, Somnigroup has launched a secondary stock offering of over 15 million shares, with Goldman Sachs & Co. LLC acting as the sole underwriter. These shares are being sold by the former majority shareholder of Mattress Firm Group Inc., and Somnigroup will not receive proceeds from the sale. These developments reflect ongoing strategic adjustments and financial maneuvers by the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.