Digiworld to acquire German partner's warranty centres
The merger with B2X will allow Digiworld to enhance its after-sales service capabilities to international standards.
Digiworld Corporation plans to purchase the entire stake of B2X Vietnam, a company that operates 18 specialised warranty centres across the country.
The Board of Directors of Digiworld has approved the increase in their ownership stake in B2X Vietnam Holding JSC from 49.1 per cent to 100 per cent. This will be achieved through the acquisition of shares from B2X Care Solutions GmbH (Germany).
As a result, B2X Vietnam will be reclassified from an affiliated company to a subsidiary of Digiworld. The maximum value of the transaction is over VNĐ30 billion (US$1.2 million), according to the company.
The merger with B2X will allow Digiworld to enhance its after-sales service capabilities to international standards. The company also operates the Dcare warranty centre chain, and both B2X and Dcare have been providing professional warranty services to partners since 2017.
This year, Digiworld aims to achieve a net revenue of VNĐ23 trillion and a profit after tax of VNĐ490 billion, up 22 per cent and 38 per cent year-on-year, respectively.
In the first quarter of 2024, net revenue reached nearly VNĐ5 trillion and a profit after tax of VNĐ93 billion, up 26 per cent and 16 per cent over last year, respectively. The company has achieved 21.6 per cent of its annual revenue target and 19 per cent of its annual profit target.
B2X Vietnam is a joint venture established in December 2017 between Digiworld and B2X Care Solutions GmbH, with an initial registered capital of VNĐ6 billion. B2X Care Solutions GmbH is globally renowned for providing exceptional customer care services, specialising in smartphones and Internet of Things (IoT) devices.
B2X currently operates 18 professional warranty centers nationwide, serving major brands like Samsung, Xiaomi, Acer, and retail chains such as Điện Máy Xanh under Mobile World Investment Corporation, and FPT shop under FPT Digital Retail.
On the stock market, Digiworld's shares closed Thursday morning at VNĐ59,800 a share, up 1.36 per cent. — VNS
