FPT takes ownership of Japan's NAC

March 04, 2024 | 09:31
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FPT Corporation announced on March 1 that it has acquired the IT services company Next Advanced Communications NAC Co., Ltd. (NAC), its first merger and acquisition (M&A) deal in Japan.
FPT takes ownership of Japan's NAC

With NAC as FPT’s wholly owned subsidiary, the company aims to double its customer base and service offerings in Japan and deepen its foothold in the market.

The move aligns with FPT’s global expansion strategy and enables the Vietnamese firm to capitalise on NAC’s talent pool of nearly 300 experienced engineers and its expertise in technology and business consulting, system planning, and design. FPT aims to achieve $1 billion in revenue from the Japanese market by 2027 and have more than half of its employees in Japan as multinational employees.

With the current challenges facing the digital transformation in Japan, including an ageing population, shortage of ICT human resources, and the complexity of existing systems, this acquisition of NAC reflects FPT’s commitment to aiding Japanese businesses in their digital and green transformations. The deal also enables FPT to foster sustainable growth and competitiveness and expand its services to new industries and a wider range of customers.

"FPT strives to leverage technology to address various customer issues, and we aim to enhance the Japanese engineer talent pool and cooperate with local companies to help our clients maintain business continuity despite the current geopolitical challenges," said Do Van Khac, FPT Software's senior executive vice president and FPT Japan's CEO.

Naoto Yamazaki, chairman of NAC, said, "Since we started NAC 13 years ago, we have achieved success as an independent company. As we join the FPT family, I believe we can maintain our growth while forming a stronger synergy for the future."

Since 2014, FPT has completed multiple M&A deals in the US and Europe. In Japan, the firm recently formed a joint venture with Konica Minolta and made a strategic investment in LTS Inc. The acquisition of NAC highlights its focused, long-term commitment to this key market.

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