On September 21st, 2017, Vietnam-Slovakia Business Talk took place in the capital Bratislava of Slovakia. The talk was attended by over 100 representatives of companies in Slovakia and Middle – Eastern European area. In his presentation, Slovakia’s Minister of Ministry of Economy, Mr. Peter Ziga mentioned FPT in Slovakia as a successful story, which should be widely popularized.
In June 2014, FPT Software purchased RWE IT Slovakia, a subsidiary of RWE – one of Europe’s leading utility companies. Therefore RWE IT Slovakia will be 100% owned by FPT Software and rebranded as FPT Slovakia. This is the first M&A deal not only of FPT but also of Vietnam ICT history.
Through this acquisition, the company gained access to a pool of 400 highly trained specialists. They will participate in projects and work with new customers from outside the utility market in Asia Pacific, Japan, America and Europe.
With this deal, opportunities are not confined to the contract value. FPT Software will take a further step into utility – the industry where FPT seeks more development with SAP in billing software. This acquisition has offered to the company a good chance to expand its footprint in European market.