FPT buys stake in Japanese enterprise consultancy
By Minh Son October 14, 2022 | 8:39 p.m. PT
The FPT headquarters in Hanoi. Photograph by VnExpress/Minh Son
FPT, Vietnam’s main IT service supplier, has grow to be a strategic shareholder in LTS Inc, a Japanese administration consultancy.
Nevertheless, they didn’t disclose how a lot stake FPT acquired or at what value.
The funding is anticipated to assist the Vietnamese large strengthen its consulting capabilities in Japanese business and goal extra giant offers in different international locations.
LTS is anticipated to assist FPT strengthen its digital transformation consulting capabilities within the Japan and Asia-Pacific markets, and FPT in flip will assist strengthen its digital transformation know-how capabilities in manufacturing and retail.
The 2 sides will deal with ERP, low-code growth and enterprise administration providers.
LTS Inc. may also leverage FPT’s presence in 27 international locations to compete globally.
On the signing ceremony on Oct. 13, FPT Company Chairman Truong Gia Binh stated the cooperation will assist FPT and LTS Inc. compete with world consulting giants.
The funding is a part of FPT’s technique to increase its consulting and digital transformation providers in key markets similar to Japan and the US
In 2021 she took a stake in Intertec Worldwide, a know-how firm with greater than 20 years of expertise and a service heart in Costa Rica and Colombia.
The corporate acquired 90% of Intellinet Consulting within the US for $50 million in 2018 and acquired RWE IT Slovakia, a subsidiary of the RWE Group, in 2014.
Based in 2005, FPT Japan employs 2,000 folks and expects to double the variety of workers by 2025.
The corporate additionally goals to grow to be one among Japan’s prime 20 IT service corporations by 2025 and obtain $1 billion in income by 2027.
