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KUALA LUMPUR - Sagtec Global Limited (NASDAQ:SAGT), a technology company with a market capitalization of $33.76 million and impressive revenue growth of 77.59% in the last twelve months, has signed a definitive Share Sale Agreement to acquire an 80% equity stake in Smart Bridge Technology Limited, according to a press release statement issued Friday.
Smart Bridge, described as an agentic AI software company, reported a net profit of $2.1 million for fiscal year 2024. The company specializes in behavioral analytics, fraud detection, intelligent decision automation, and real-time pricing tools. According to InvestingPro analysis, Sagtec’s stock is currently trading below its Fair Value, with strong financial health metrics and a favorable PEG ratio of 0.36, indicating attractive growth potential relative to its current valuation.
The acquisition remains subject to customary regulatory approvals and conditions.
Sagtec, which provides customizable software solutions primarily for the food and beverage sector, plans to integrate Smart Bridge’s AI capabilities with its existing hospitality and point-of-sale infrastructure. The company expects the acquisition to be immediately earnings-accretive.
"With Smart Bridge, we can now scale high-margin, cross-vertical AI solutions across our client base and unlock exponential value," said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec.
Following the transaction closure, Sagtec plans to launch its first AI-powered SaaS modules in the third quarter of 2025, starting with the hospitality segment before expanding into fintech and logistics.
Sagtec currently operates in Malaysia, where it runs power-bank charging stations at 300 locations through its subsidiary, CL Technology (International) Sdn Bhd.
The company stated that the acquisition supports its strategy to drive recurring SaaS revenue and deliver long-term margin expansion.
In other recent news, Sagtec Global Limited announced a series of developments that could significantly impact its future revenue streams. The company recently secured two commercial contracts in Southeast Asia, totaling $5 million. These contracts are part of a larger strategy to establish a $50 million revenue pipeline over the next year. Additionally, Sagtec plans to acquire Smart Bridge Technology Limited for $17.6 million, a move expected to enhance its AI technology offerings. This acquisition is anticipated to integrate Smart Bridge’s AI engine into Sagtec’s ecosystem, providing new revenue streams and expanding into sectors like logistics and fintech.
Moreover, Sagtec has entered into a Master Dealership Agreement with Dubai-based SMD Tech FZCO, which is projected to generate at least $30 million in revenue over five years. This partnership aims to distribute Sagtec’s Speed+ Cloud-Based Smart Ordering System in Dubai. In Indonesia, Sagtec has begun rolling out its Speed+ Smart Cloud Ordering Software, marking its expansion in Southeast Asia. The company also launched an AI-powered chatbot for the F&B sector in Malaysia, designed to streamline customer interactions and operations.
These developments underscore Sagtec’s commitment to expanding its market presence and enhancing its software solutions across multiple regions.
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