Gorilla Technology Group Inc. a global provider of AI-powered edge video analytics, IoT technologies, and cybersecurity, announced today the signing of a non-binding Letter of Intent (“LOI”) to acquire Thailand-based Bacom Internetwork.
Since 2011, Bacom Internetwork has been a forerunner in the distribution and systems integration of some of Thailand’s most intelligent and innovative security technologies. Bacom is a leading provider of Smart City Infrastructure solutions, including Apismart, a Smart Building solution developed by the company that improves living standards through Smart Security and Smart Ecosystem, thereby contributing to a smarter and safer world.
Tanakrit Rojanasiraprapa, Bacom’s Managing Director, believes that this transaction has the potential to transform both Bacom and Gorilla.
We’ve learned a lot about systems integration and creating effective Smart Building solutions.Over the last decade, we had to create solutions that were unique and had to stand out.
It was more than just having the right strategy; it was about designing customized solutions that were tailored to each customer’s specific requirements.
Gorilla has begun business, financial, and legal due diligence as a result of this signing. Gorilla will continue acquisition negotiations with the goal of reaching a final purchase agreement within the next 90 days. The LOI stipulates a 60-day exclusivity period, which Gorilla may extend.
Gorilla is a global solution provider in security intelligence, network intelligence, business intelligence, and IoT technology headquartered in London, United Kingdom. Gorilla creates solutions for Smart Cities, Smart Retail, Enterprise Security, and Smart Media. Furthermore, Gorilla offers a comprehensive Security Convergence Platform to government institutions, telecom companies, and private enterprises for network surveillance and cyber security.
Gorilla prioritizes providing cutting-edge technology, expert service, and precise delivery, as well as ensuring top-of-the-line, intelligent, and cutting-edge AI solutions that help clients improve operational performance and efficiency.
