HONG KONG: Sagtec Global Limited (NASDAQ: SAGT), a leading provider of customizable software solutions, announced Thursday it has signed a term sheet to acquire Smart Bridge Technology Limited, a fast-growing agentic AI software company, for approximately $17.6 million.
The proposed deal, priced at roughly 10 times Smart Bridge’s price-to-earnings ratio, is pending a definitive agreement and customary closing conditions. The acquisition would shift Sagtec from a data systems provider into a full-spectrum AI technology leader, enhancing its ability to deliver predictive, real-time intelligence to businesses across Asia.
Smart Bridge’s high-margin AI engine is expected to bolster Sagtec’s existing retail and food-and-beverage (F&B) platforms, which serve thousands of outlets with point-of-sale and backend systems. The integration aims to enable AI-driven features such as menu optimization, fraud detection and supply forecasting while expanding into logistics, fintech and hospitality.
The move positions Sagtec in rapidly growing markets. Research firm Markets and Markets projects the global AI retail sector will reach $43 billion by 2032, while Grand View Research estimates the intelligent POS and behavioral analytics market could exceed $65 billion.
Smart Bridge reported a net profit of $2.1 million, reflecting the scalability of its AI model. Sagtec’s CEO Kevin Ng said the acquisition aligns with the company’s goal to become an “AI-first enterprise platform,” transforming how businesses leverage data for growth.
The deal comes amid rising demand for mobile-first, AI-powered enterprise software as industries increasingly adopt digital solutions.