FPT’s Impressive Global Expansion Through Strategic M&A and Investments
Since its first deal in 2014, FPT Group has made a significant impact on the global landscape through its strategic mergers and acquisitions (M&A) and investments in foreign companies. As of now, FPT has completed a total of 9 notable deals, expanding its network in key markets such as Europe, the US, and Japan.
FPT’s M&A Journey
FPT embarked on its international M&A journey by acquiring 100% of RWE IT Slovakia, a subsidiary of the German energy group RWE, in June 2014. Following the deal, the company was renamed FPT Slovakia, providing IT services directly to RWE in the Slovak market.
This landmark deal was the first of its kind in the history of FPT and the Vietnamese IT industry. It brought FPT a multi-million-dollar contract with RWE, enhanced its capabilities in providing and consulting on SAP solutions and “Smart Home” technologies, and expanded its customer base in Europe.
In 2018, FPT further expanded its operations in the US market by acquiring 90% of the shares of Intellinet Consulting, an American consulting firm, for an estimated value of over $50 million. This move enabled FPT to become a comprehensive technology services provider to its clients, offering higher-value services that span from strategic consulting and design to implementation, warranty, and maintenance, especially in digital transformation projects.
In October 2022, FPT signed a non-controlling investment agreement to become a strategic shareholder of LTS, Inc., a top 20 consulting, business management, and digital transformation company in Japan, with over 20 years of experience. This strategic partnership aims to create a collaborative alliance between FPT and LTS, Inc.
LTS, Inc. will enhance FPT’s capabilities in consulting on comprehensive digital transformation services for international clients, focusing on the Japanese and Asia-Pacific markets. Simultaneously, FPT will boost LTS, Inc.’s digital transformation capabilities for leading enterprises in manufacturing, retail, and construction, while also expanding their client base.
The partnership will concentrate on ERP software systems, low-code technology development, and digital transformation services for businesses, leveraging AI, IoT, Big Data, RPA, and Smart Factory technologies.
Previously, in 2019, FPT Japan and LTS, Inc. established a joint venture, FPT Consulting Japan, specializing in consulting services.
The year 2023 marked a boom in FPT’s M&A activities, with 4 deals primarily focused on the US market. In February, FPT announced the acquisition of Intertec International’s entire IT Services division. This followed FPT’s initial investment in Intertec in 2021, and the company expanded its presence in Costa Rica, Colombia, and Mexico as a result.
In October, FPT became a major investor and strategic partner of Landing AI, a leading US-based computer vision and AI software company, in the Asia-Pacific region. Both parties committed to developing AI in the fields of technology and education.
In November, FPT announced the acquisition of Cardinal Peak, a 20-year-old technology engineering services company in North America, to enhance its competitiveness and service quality in the American and English-speaking markets, especially in emerging technologies.
In December, FPT acquired an 80% stake in AOSIS, a French-based technology consulting company. This move aligned with FPT’s global expansion strategy and particularly aimed to strengthen its competitive position in Europe, targeting expanded business opportunities and a broader client base in the region.
With the addition of AOSIS, FPT will broaden its customer base and business prospects, enhancing its capabilities in SAP, Data, Cloud, and intelligent enterprise solutions, particularly in the aerospace, aviation, and transportation industries.
The deal also brings to FPT hundreds of technology experts with a deep understanding of the French and European markets. AOSIS’s four offices will join FPT’s global network.
In 2024, FPT Group announced the acquisition of 100% of Next Advanced Communications NAC Co., Ltd. (NAC), an IT services company in Japan. This deal allows FPT to leverage NAC’s experienced and skilled workforce in strategic consulting, system architecture design, technology planning, development, and operations.
Most recently, in May 2025, FPT completed the acquisition of David Lamm Consulting, a German IT consulting company in the energy sector, reinforcing the Group’s commitment to expanding its operations in Germany and Europe.
This move also strategically enhances FPT’s capabilities in providing digital solutions and services to energy businesses, a significant sector contributing nearly 50% of FPT’s revenue in the European market.
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