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, valued at 750 thousand euros. This acquisition has allowed Span to gain 100 percent ownership of Bonsai and has announced 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 enable the company to streamline its software and AI solutions offerings, allowing it to present a cohesive and unique brand on the market.

Moving forward, artificial intelligence is identified as a key strategic focus for Span. The merger will strengthen Span’s AI offerings in key business segments and is expected to drive significant profits in the future. Nikola Dujmovi, CEO of Span, emphasized the potential of this move in a recent statement.

Businesses are increasingly exploring how AI-based solutions can enhance operations and processes, with generative artificial intelligence speeding up this process. Artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses across various industries. The merger between Bonsai and Ekobit under the unified Span brand will allow for a more efficient use of resources and better alignment with overall business goals.

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, further solidifying their position as leaders in software and AI solutions. With cloud computing and cybersecurity already established as key strategic focuses for Spain

By Riley Johnson

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