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Guardforce Ai Closes Previously Announced Asset Acquisition Of Kewei’S Robot Business

PUBLIC · GFAIFeb 15, 2023

Acquiring Company

Guardforce AI

Acquired Company

Kewei

SingaporeChinaOtherInformation TechnologyArtificial IntelligencePrivacy And SecuritySecurityMachine Learning

Description

Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security solution, AI and Robot-as-a-Service (RaaS) provider, today announced it has closed the acquisition with Shenzhen Kewei Robot Technology Company Ltd ("Kewei”) to acquire certain of Kewei’s robot business assets in China.

Quick answer

Guardforce AI is acquiring Kewei, announced February 15, 2023. Guardforce AI is based in Singapore.

How much did Guardforce AI pay for Kewei?
The deal value was not disclosed.
What does Guardforce AI do?
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..
Where are Guardforce AI and Kewei based?
Guardforce AI is based in Singapore. Kewei is based in China.
Who are the decision-makers at Guardforce AI?
Fundz holds 1 contact at Guardforce AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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

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Frequently asked

Who acquired Kewei?

Kewei was acquired by Guardforce AI, based in Singapore. The deal was reported on February 15, 2023. Guardforce AI Co., Ltd. Guardforce AI is publicly traded (GFAI) and operates in Other.

When did Guardforce AI acquire Kewei?

Guardforce AI's acquisition of Kewei was reported on February 15, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kewei do?

Kewei is the company acquired in this transaction. It is privately held, and is based in China.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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