- Sagtec Global Limited (SAGT, Financial) announces acquisition of Smart Bridge Technology for US$17.6 million.
- The acquisition positions Sagtec to become a leader in AI technology with a focus on data-driven business intelligence.
- Combined addressable market post-acquisition estimated to exceed US$133 billion, with expansion into logistics, fintech, and hospitality.
Sagtec Global Limited (NASDAQ: SAGT) has signed a term sheet to acquire Smart Bridge Technology Limited for US$17.6 million, priced at a 10x price-to-earnings (PE) ratio. With this acquisition, Sagtec aims to transition from a data systems provider to a comprehensive AI technology leader, enhancing its point-of-sale (POS) and backend platforms utilized by thousands of food and beverage (F&B) outlets and retailers.
Smart Bridge, which reported a net profit of US$2.1 million, brings robust AI capabilities expected to enhance Sagtec's existing infrastructure. The acquisition will facilitate the delivery of automated business intelligence and AI-driven optimizations across various sectors, including logistics, fintech, and hospitality.
The combined total addressable market (TAM) for Sagtec post-acquisition is projected to surpass US$133 billion, with specific market potential highlighted in AI retail (US$43 billion by 2032), SME-focused AI software (US$25 billion), and intelligent POS analytics (US$65 billion). This strategic move positions Sagtec to leverage Smart Bridge’s AI technology in delivering customized AI modules and expanding into new high-growth sectors.
This initiative marks a significant step in Sagtec’s evolution, aiming to provide advanced predictive analytics and operational intelligence, ultimately transforming its role from a POS provider to an AI-driven enterprise platform. Such advancements promise to unlock new revenue streams while broadening the company's reach into nascent market segments.
