Fivetran to Merge with Dbt Labs in All‑stock Deal to Create Unified Data Infrastructure

Deal Summary

Fivetran signed a definitive agreement to merge with dbt Labs in an all-stock transaction to combine data movement, transformation, metadata and activation capabilities. The merger, subject to customary closing conditions and regulatory approvals, will keep dbt Core open while Fivetran CEO George Fraser will lead the unified company and Tristan Handy will serve as co-founder and president.