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Guardforce Ai Announces Loi To Acquire Shenzhen Kewei Robot Technology Company Limited, A Premier Robotics Technology Company In China

Sep 13, 2022•almost 3 years ago

Acquiring Company

Guardforce AI

Acquired Company

Premier Robotics Technology

SingaporeMachine LearningSecurityArtificial IntelligenceInformation TechnologyPrivacy And Security

Description

Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ:GFAI, GFAIW), an integrated security solutions provider, announced today it has signed a non-binding letter of intent (LOI) with Shenzhen Intelligent Guardforce Robot Co., Ltd to acquire Shenzhen Kewei Robot Technology Company Limited (“Kewei”), a high-tech robotics company specializing in developing robotics software solutions and robotics management platforms, as well as robotics sales and technical services.

Company Information

Company

Guardforce AI

Location

96 VIBHAVADI RANGSIT ROAD

Singapore

About

Guardforce AI Co., Ltd. (NASDAQ:GFAI, GFAIW) is a global security solutions provider, building on its legacy secured logistic business, while expanding and transforming into an integrated AI and Robot-as-a-Service (RaaS) business. With more than 40 years of professional experience and a strong customer foundation, Guardforce AI is developing RaaS solutions that improve operational efficiency, quickly establishing its presence in the Asia Pacific region, while expanding globally. For more information, visit www.guardforceai.com Twitter: @Guardforceai

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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