FPT makes first company acquisition in Japan

By Dat Nguyen March 1, 2024 | 09:59 pm PT

Leaders of FPT Corp and Next Advanced Communications pose for a photo at the M&A signing ceremony between the two firms on March 1, 2024. Photo courtesy of FPT Corp

Tech giant FPT Corp has bought its first company in Japan as it seeks to strengthen its position in the market.

The acquisition of IT services firm Next Advance Communications enables FPT to benefit from a talent pool of 300 engineers with expertise in technology, architecture design, system planning, and other areas, the company said in a statement Friday.

FPT hopes to achieve US$1-billion revenues in Japan by 2027 and have foreigners make up more than half of its payroll there.

The acquisition of the 13-year-old company reflects FPT’s commitment to assisting Japanese businesses achieve digital transformation and green transformation.

Since 2014 FPT has completed multiple mergers and acquisitions deals in the U.S. and Europe.

In Japan, it recently formed a joint venture with Konica Minolta and made a strategic investment in LTS Inc.

FPT has a nearly two-decade presence in the Japanese market with FPT Japan being one of the country’s largest foreign-invested tech firms in terms of human resources.

With 2,900 onsite employees, nearly 15,000 employees working overseas and 16 local offices and innovation hubs, FPT Japan has provided services to over 450 clients globally.