• Mon. May 27th, 2024

Span took full ownership of Bonsai through a 100% stake acquisition

BySamantha Johnson

Apr 3, 2024
Span took full ownership of Bonsai through a 100% stake acquisition

The Croatian IT company Span recently finalized a deal to purchase 30 percent of the business share in company Bonsai, with the transaction valued at 750 thousand euros. By acquiring the remaining 30 percent, Span gained 100 percent ownership of Bonsai and announced plans to merge the two companies. Additionally, Span intends to merge its related company Ekobit, which is currently owned entirely by Span.

The integration of Bonsai and Ekobit into Span will allow the company to streamline its software and AI solutions offerings. The goal is to present a cohesive and unique brand on the market. Along with cloud and cybersecurity, artificial intelligence is identified as a key strategic focus for Span moving forward.

The target date for the merger to take effect is the end of the second quarter of 2024. Following this, Bonsai and Ekobit will operate under the unified Span brand. AI solutions are increasingly being implemented in organizations, and the availability of generative artificial intelligence is speeding up this process. Businesses are exploring how AI-based solutions can enhance operations and processes.

According to Span, artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses. The merger will strengthen Span’s AI offerings in key business segments and is expected to drive significant profits in the future. Span’s CEO, Nikola Dujmovi, emphasized the potential of this move in a recent statement.

By Samantha Johnson

As a dedicated content writer at newshuwa.com, I weave words into captivating stories that inform and engage our audience. With a passion for storytelling and a keen eye for detail, I strive to craft articles that not only inform but also inspire discussion and curiosity. Whether delving into breaking news or exploring thought-provoking features, I aim to deliver dynamic and impactful content that resonates with our readers. Through my work, I aspire to spark conversation, educate, and entertain, ensuring that each piece I create contributes to the rich tapestry of information on our platform.

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