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  5. Axiata Group Bhd Acquires Suvitech Co.

M&A Deal Summary

Axiata Group Bhd Acquires Suvitech Co.

On May 17, 2017, Axiata Group Bhd acquired information technology company Suvitech Co.

Acquisition Highlights
  • This is Axiata Group Bhd’s 1st transaction in the Information Technology sector.
  • This is Axiata Group Bhd’s 1st transaction in Thailand.

M&A Deal Summary
Date 2017-05-17
Target Suvitech Co.
Sector Information Technology
Buyer(s) Axiata Group Bhd
Deal Type Add-on Acquisition

Target

Suvitech Co.

Bangkok, Thailand
Suvitech Co. Ltd. is an information technology solutions and service company. Suvitech’s core business is the provision of business solutions, systems integration and consulting services. Suvitech is based in Bangkok, Thailand.

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Buyer(S) 1

Buyer

Axiata Group Bhd

Kuala Lumpur, Malaysia
Category Company
Founded 1992
Sector Communications
DESCRIPTION

Axiata Group Bhd is a provider of telecommunication services in Asia with approximately 320 million subscribers in ten countries. Axiata was founded in 1992 and is based in Kuala Lumpur, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Thailand M&A 1 of 1
Year: 2017 M&A 1 of 1
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