SYNAGISTICS (02562) plans to acquire a big data and digital transformation platform company with the goal of serving over 1,000 renowned enterprises.

SYNAGISTICS (02562) announced that on January 23, 2025, the company entered into a non-binding investment letter of intent with a potential seller, proposing a potential acquisition of up to 100% of the target company's equity as stated in the investment letter of intent. The cost of the potential acquisition will be determined after further negotiations between the parties. The potential target company is a limited company established in China, a Chinese big data and digital transformation platform company founded in 2011. The company has over 1000 corporate and brand clients in five major industry sectors, including some of China's largest state-owned enterprises and retail brands that use the potential target group's patented platform solutions to manage their business processes (including data management and analysis, e-commerce, ERP and CRM, all provided through a fully integrated SAAS model).