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Vietnam’s tech giant FPT acquires 80% stake in French IT consulting firm

Vietnam’s tech giant FPT acquires 80% stake in French IT consulting firm

Thursday, December 07, 2023, 22:53 GMT+7
Vietnam’s tech giant FPT acquires 80% stake in French IT consulting firm
FPT has announced its acquisition of an 80-percent stake in French IT consulting firm AOSIS. Photo: Van Anh / Tuoi Tre

Vietnamese tech giant FPT on Wednesday announced its acquisition of an 80-percent stake in French IT consulting firm AOSIS, as part of its plan to expand its global presence and beef up its competitiveness in technology in Europe.

Through the deal, FPT expected to increase its customer number and business opportunities, while leveraging its prowess in system application programming (SAP), data, cloud, and business intelligence solutions, with a focus on the aerospace, aviation, and transport spheres. 

With hundreds of tech experts and four offices joining FPT’s global network, the group is poised to strengthen its delivery capabilities for the market in France and Europe as a whole.

AOSIS was established in 2010 in Toulouse, France by SAP experts. It is now providing services in business intelligence, data science, big data, data governance, training, and software. 

Pham Minh Tuan, CEO of FPT Software, an arm of FPT, said the firm had strategically engaged in merger and acquisition (M&A) deals with leading consulting and technology companies worldwide to reinforce its core competencies, strengthen its position in the strategic markets, and broaden its customer base.

With its reputation in the French data market, industry expertise, and high-quality resources, AOSIS will help FPT enhance resilience and provide end-to-end solutions to accompany customers’ digital transformation, Tuan added.

Europe is one of FPT’s largest markets with a network of 10 offices in Germany, France, the United Kingdom, Denmark, Slovakia, and Romania.

In 2023, the company expanded its footprint to the U.S. by acquiring the entire IT service division of Intertec International and becoming a major investor in Landing AI, a leading computer vision and AI software company in the U.S.. 

Most recently, the group announced its acquisition of U.S.-based product engineering service firm Cardinal Peak, founded in 2002, earlier this month.

M&A deals have played an important role in FPT’s global strategy and helped it achieve the target of earning US$1 billion in revenue from IT services in foreign markets by the end of this year and placing among the top 50 global technology companies this year.

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Thanh Ha - Duc Thien / Tuoi Tre News

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