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Guardforce Ai Announces Loi To Acquire Twelve Additional Robotics Companies In China

Jun 02, 2022•over 3 years ago

Acquiring Company

Guardforce AI

Acquired Company

Robotics

SingaporeSan FranciscoMachine 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 supplemental letter of intent (LOI) with Shenzhen Kewei Robot Technology Co., Limited ("Kewei") to acquire an additional twelve robotics companies, which follows the Company’s previously announced definitive agreement to acquire seven robotics companies in China.

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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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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