dbt Labs and Fivetran completed their all-stock merger to create data infrastructure for trusted AI agents, with George Fraser continuing as CEO and Tristan Handy as President, dbt Labs said on 1 June 2026.
ELT and analytics-engineering vendors are combining so agent workflows sit on governed pipelines. Buyers still need clarity on open-source commitments, pricing and which transformation APIs remain first-class.
dbt Labs remains the directory brand face for the transformation side of this pack. Joint launches named at close included dbt Core v2.0 alpha, dbt State, dbt Wizard and Agents Schema.
Data platform owners should demand a written open-source and SKU plan — before treating any merger close as a completed trusted-AI data stack.