Frugl Group completes acquisition of Trienpont International Co. Ltd

Frugl Group Limited (ASX: $FGL) has successfully completed the acquisition of Trienpont International Co. Ltd, a digital solutions provider based in Bangkok, Thailand. This acquisition supports Frugl's strategic initiative to broaden its focus from the retail sector into sector-agnostic data analytics, Machine Learning (ML), and Artificial Intelligence (AI) projects, among other capabilities.

Executive Commentary

We are pleased to see the formal completion of the Trienpont acquisition and the start of a new chapter for the Company. With Trienpont now in our portfolio, we have a significant new set of tools and capabilities within our group to improve both existing business and explore where we can expand our horizons to generate value for shareholders. We believe that Trienpont will not only enhance the quality and accuracy of the data we can offer our analytics clients and ensure that we are able to future-proof our current core business model but also be the cornerstone of our expansion into new services, new products, and new markets.

Summary

Frugl Group Limited (ASX: $FGL) has successfully completed the acquisition of Trienpont International Co. Ltd, marking a significant milestone in its strategic expansion. The acquisition supports Frugl's initiative to broaden its focus from the retail sector into sector-agnostic data analytics, Machine Learning (ML), and Artificial Intelligence (AI) projects, among other capabilities. The Chief Executive Officer, Mr Ken Tovich, expressed optimism about the acquisition, highlighting the potential for enhancing data quality, future-proofing the business model, and expanding into new services, products, and markets. This move positions Frugl to leverage Trienpont's tools and capabilities to drive value for its shareholders and advance its corporate strategy.