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KUALA LUMPUR - Sagtec Global Limited (NASDAQ: SAGT), a customizable software solutions provider with a market capitalization of $40.29 million and healthy gross margins of 31.44%, has announced a significant expansion into the Indonesian market through an exclusive Master Dealership Agreement with PT Kiwari Asih Solusi. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value, though it maintains a GOOD overall financial health score. Under this agreement, Kiwari will become the sole master dealer for Sagtec’s Speed+ Cloud-Based Smart Ordering System in Indonesia, with a commitment to purchase a minimum of 10,000 licenses, which is expected to generate at least $30 million in revenue over the next five years. This represents significant growth potential for Sagtec, which reported revenue of $8.87 million in the last twelve months. InvestingPro subscribers can access 6 additional key insights about Sagtec’s growth prospects and financial health.
This strategic move aims to accelerate the adoption of Speed+ in Indonesia, a country whose digital transformation market is anticipated to reach around $60 billion by 2030, growing at a CAGR of nearly 20% from 2025. The partnership is timely as the food and beverage sector in Indonesia, a key market for Speed+, is projected to surpass $250 billion by 2030 due to increased consumer spending and a growing middle class.
The Asia Pacific region is witnessing a rapid expansion in the cloud-based Point of Sale (POS) market, expected to grow at a CAGR of nearly 20% from 2024 to 2030. This growth is supported by the booming retail sector and rising mobile and internet adoption in the region, presenting a lucrative opportunity for Sagtec’s Speed+ system.
Kevin Ng, Chairman, Executive Director, and CEO of Sagtec, expressed enthusiasm for the partnership, highlighting Indonesia’s unique growth potential driven by its developing digital economy and the increasing demand for innovative cloud-based solutions. Sagtec is poised to empower Indonesian businesses to modernize operations and maintain competitiveness in the market.
Sagtec, primarily serving the Food & Beverage sector, also offers software development, data management, and social media management services to enhance operational efficiency across various industries. Additionally, the company operates power-bank charging stations in Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.
PT Kiwari Asih Solusi is known for providing IoT and general trading solutions aimed at industrial efficiency and business growth across different sectors. The partnership is based on a shared commitment to innovation and client success, with Kiwari offering scalable, technology-driven strategies to businesses adapting to the digital landscape.
This expansion is a key milestone in Sagtec’s Southeast Asia strategy, leveraging Indonesia’s rapidly advancing digital economy to introduce Speed+ to a tech-savvy market ready for digital ordering solutions. The information is based on a press release statement. For detailed analysis of Sagtec’s market position and comprehensive financial metrics, visit InvestingPro, where you can access advanced valuation tools and expert insights.
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