- Gorilla Technology (GRRR, Financial) is set to acquire CNS and CANS, Thai technology solution providers.
- The acquisition, expected to close by summer 2025, enhances AI capabilities and regional presence.
- Southeast Asia's Edge AI market is expected to surpass $6.8 billion by 2027.
Gorilla Technology Group Inc. (GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, has announced a definitive agreement to acquire CNS and its subsidiary CANS, which are among Thailand's most innovative technology solution providers. This acquisition, slated to be completed by summer 2025, is a strategic move to bolster Gorilla's product portfolio and regional influence across the Association of Southeast Asian Nations (ASEAN) region.
CNS and CANS boast a robust client base with over 200 businesses and operations sprawling across all 77 Thai provinces. This acquisition aligns with Gorilla's strategic plan to expand its offerings in edge AI, cybersecurity, and intelligent service platforms, leveraging CNS and CANS's established presence and expertise.
The addressable market potential is substantial, with projections indicating that the Southeast Asian market for Edge AI, Video Analytics, and Cybersecurity will exceed $6.8 billion by 2027. Meanwhile, the global customer engagement software market is anticipated to grow at a 21.2% CAGR, reaching $173.9 billion by 2032.
Through this acquisition, Gorilla Technology aims to integrate CNS and CANS's mobile-first AI-powered customer engagement infrastructure into its operations, unlocking new recurring revenue streams and enhancing its service offerings. This move positions Gorilla to effectively address the burgeoning demands of intelligent, mobility-first customer engagement platforms worldwide.
While financial terms of the acquisition have not been disclosed, the transaction marks a significant step in Gorilla Technology's mission to enrich its AI capabilities and establish a more substantial foothold in high-growth markets. The company is well-positioned to capitalize on the increasing demand for smart infrastructure solutions in Southeast Asia and beyond.
