Span took full ownership of Bonsai through a 100% stake acquisition

Croatian IT company Span has recently finalized a deal to purchase 30 percent of the business share in company Bonsai, with the transaction valued at 750 thousand euros. This acquisition has allowed Span to gain 100 percent ownership of Bonsai and announce plans to merge the two companies. Additionally, Span intends to merge its related company Ekobit, which is currently owned entirely by Span.

The integration of Bonsai and Ekobit into Span will allow the company to streamline its software and AI solutions offerings. The goal is to present a cohesive and unique brand on the market. Along with cloud and cybersecurity, artificial intelligence is identified as a key strategic focus for Span moving forward.

According to Span, artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses. The merger will strengthen Span’s AI offerings in key business segments and is expected to drive significant profits in the future. The target date for the merger to take effect is the end of the second quarter of 2024. Following this, Bonsai and Ekobit will operate under the unified Span brand.

Businesses are exploring how AI-based solutions can enhance operations and processes, with generative artificial intelligence speeding up this process. AI solutions are increasingly being implemented in organizations, and this trend is expected to continue as technology advances. Nikola Dujmovi, CEO of Span, emphasized the potential of this move in a recent statement: “This acquisition will allow us to offer our customers an even wider range of software solutions that integrate AI across all aspects of their business.”

By Sophia Gonzalez

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