Fasoo News

[Mergermarket] Fasoo CTO Comments on Technology Buys; Focuses on Expansion in North America and EMEA

September 25, 2023

Acquisitions of companies with artificial intelligence tools or with technologies that could further strengthen Fasoo’s offering in its core sectors of manufacturing, financial services, and healthcare could make sense, the executive said. The KRW 86bn (USD 65m) market cap company would consider small as well as established companies in several locations, including the US, Arden said.

The market is consolidating, and Fasoo receives approaches from companies for sale, he said. He added that deals will be opportunistic as Fasoo is not actively scouting the market for targets. Fasoo is favoring partnerships for now, but Arden said that if they work, they could evolve in acquisitions.

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