Sagteq (SAGT, Financial) Global is set to expand its technological capabilities with the proposed acquisition of Smart Bridge Technology, a rapidly advancing AI software company. This acquisition is valued at approximately $17.6 million, calculated at about 10 times the price-to-earnings ratio, pending the finalization of a definitive agreement and standard closing conditions.
The integration of Smart Bridge is expected to transition Sagtec from a data systems provider to a comprehensive AI technology leader, enabling the delivery of predictive and real-time intelligence solutions across Asia. Leveraging Smart Bridge's established AI platform and lucrative software offerings, Sagtec aims to position itself at the forefront of AI innovation and practical application. This strategic move is anticipated to open up a substantial market opportunity in areas such as behavioral analytics, decision automation, and intelligent business software, tapping into a multi-billion-dollar addressable market.
