FPT completes its first M&A deal in Japan

On March 1st, FPT Corporation (HOSE: FPT) announced the acquisition of 100% of the shares of Next Advanced Communications (NAC), a technology services company based in Japan. This marks FPT's first M&A deal in the Japanese market.

0
164

Strategic investment signing ceremony between NAC and FPT in Tokyo, Japan. Photo: FPT

NAC was established in 2011 and operates in key areas including marketing, consulting support, system planning and design, development, system operation and maintenance, and currently owns a team of nearly 300 high-quality engineers.

The decision to acquire NAC is in line with FPT’s global expansion strategy, helping the Group ensure rapid growth and move closer to its goal of $1 billion in revenue from the Japanese market by 2027.

According to Do Van Khac, CEO of FPT Japan, FPT aims to develop talented Japanese engineers and collaborate with local businesses to help customers maintain continuous business operations despite political difficulties.

Naoto Yamazaki, Chairman of NAC, also affirmed that joining FPT’s ecosystem will continue to help NAC maintain high growth and further enhance the company’s capabilities in the future. NAC and FPT will join forces to strongly promote business activities for the highest benefit of the community.

From 2014 to now, FPT has completed many M&A deals in the US and Europe. In Japan, this number is quite small due to the difficulties of the market. The success of the first M&A deal in Japan will create momentum for FPT to further enhance its merger and acquisition activities in the future. Previously, the Group had successfully made 2 capital investment deals in Japan with Konica Minolta and LTS.

Strengths