FPT buys stake in Japanese enterprise consultancy
By Minh Son October 14, 2022 | 8:39 p.m. PT
The FPT headquarters in Hanoi. Picture by VnExpress/Minh Son
FPT, Vietnam’s main IT service supplier, has develop into a strategic shareholder in LTS Inc, a Japanese administration consultancy.
Nonetheless, they didn’t disclose how a lot stake FPT acquired or at what worth.
The funding is predicted to assist the Vietnamese big strengthen its consulting capabilities in Japanese trade and goal extra massive offers in different nations.
LTS is predicted to assist FPT strengthen its digital transformation consulting capabilities within the Japan and Asia-Pacific markets, and FPT in flip will assist improve its digital transformation know-how capability in manufacturing and retail.
The 2 sides will deal with ERP, low-code growth and enterprise administration companies.
LTS Inc. may also leverage FPT’s presence in 27 nations 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 international consulting giants.
The funding is a part of FPT’s technique to broaden its consulting and digital transformation companies in key markets reminiscent of 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 middle 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 staff by 2025.
The corporate additionally goals to develop into one in all Japan’s prime 20 IT service firms by 2025 and obtain $1 billion in income by 2027.
