Span Takes Full Ownership of Bonsai Company

Span Acquires Full Ownership of Croatian IT Company Bonsai in Merger to Strengthen AI Capabilities

Bonsai, a Croatian IT company, recently announced that it has finalized a contract to sell 30 percent of its business share to Span for 750 thousand euros. With this purchase, Span has acquired full ownership of Bonsai and plans to merge it with the company. Additionally, Ekobit, wholly owned by Span, will also be merged into the newly combined entity.

The integration of Bonsai and Ekobit into Span aims to unify the company’s software and AI solutions under one brand. AI solutions, cloud computing, and cybersecurity have been identified as key strategic directions for Span moving forward. The increased adoption of AI solutions in organizations has prompted a focus on generative artificial intelligence to further accelerate this trend. Businesses are increasingly considering how AI solutions can enhance their processes and operations.

According to Nikola Dujmovi, President of the Span Management Board, the merger will strengthen the company’s AI capabilities and is anticipated to generate significant profits in the years ahead. The expected date for the merger to take effect is at the end of the second quarter of 2024, after which Bonsai and Ekobit will operate under the unified Span brand.

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