Shares of Celsius Holdings surged after the company said it would buy rival energy-drink maker Alani Nu for $1.8 billion, and it logged higher-than-expected profit and revenue in the fourth quarter.

Celsius Holdings reported robust revenue growth in Q4 2024, driven by strong partnerships and international expansion.

The deal adds a fast-growing brand popular with young women to Celsius’s product line as its own growth slows.

Celsius Holdings said on Thursday it would buy energy drink brand Alani Nutrition in a $1.8 billion deal through a ...