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

In a recent development, Croatian IT company Span has completed the acquisition of 30 percent of the business shares in company Bonsai. This transaction, valued at 750 thousand euros, 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.

With the integration of Bonsai and Ekobit into Span, the company aims to streamline its software and AI solutions offerings. The goal is to present a cohesive and unique brand on the market. Cloud and cybersecurity are identified as key strategic focuses for Span moving forward, alongside artificial intelligence.

The merger between Bonsai and Ekobit is expected to take effect by the end of the second quarter of 2024. Following this, both companies will operate under the unified Span brand. AI solutions are increasingly being implemented in organizations as they explore how AI-based technologies can enhance operations and processes.

According to Nikola Dujmovi, CEO of Span, artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses across various industries. The merger will strengthen Span’s AI offerings in key business segments and drive significant profits in the future for the company.

By Aiden Johnson

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