Gorilla Technology Inks Acquisition Deal In Thailand, Driving Global Expansion
Portfolio Pulse from Lekha Gupta
Gorilla Technology Group (NASDAQ:GRRR) has agreed to acquire Bacom Internetwork in Thailand, aiming to offer Smart and Safe City solutions in the country and drive global expansion. The acquisition is expected to close by the end of September. Gorilla expects Bacom to attain a CAGR of over 50% over the next three years.
June 12, 2023 | 2:18 pm
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Gorilla Technology Group (GRRR) acquires Bacom Internetwork in Thailand, aiming to offer Smart and Safe City solutions and drive global expansion. The acquisition is expected to close by the end of September.
The acquisition of Bacom Internetwork will help Gorilla Technology Group expand its global presence and offer Smart and Safe City solutions in Thailand. This strategic move is expected to boost the company's growth, with Bacom projected to attain a CAGR of over 50% over the next three years. This positive development is likely to have a short-term positive impact on GRRR's stock price.
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