IT shell company chasing AI and BI acquisition

  1. 4,415 Posts.
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    We may as well have a thread on here that advertises what the Board are looking to do.
    You never know which investors / brokers might see it and have the right asset to sell Nexion.

    Accelerate AI and BI Growth: The transaction enables Nexion to channel resources into itsFuseAI subsidiary, which delivers advanced AI-enabled business intelligence systems,positioning the Company at the forefront of technological innovation.

    Unlock New Opportunities: The strengthened financial position provides Nexion with the flexibility to pursue strategic acquisitions and investments, enhancing its ability to deliver long-term value to shareholders.

    Nexion’s Board commented: We're pleased to announce our transaction with Pier DC, a step toward repositioning Nexion for sustainable growth. By divesting our legacy hybrid cloud and telecommunications businesses, we're focusing on AI-driven software solutions, a sector with strong revenue growth potential and a high degree of investor interest. This move strengthens our financial position, protects shareholder value, and positions Nexion to pursue new opportunities that can deliver significant value to our shareholders.

    Following the completion of the Proposed Transaction, Nexion intends to:
    • Continue developing its AI/BI software business through Fuse Forward Pty Ltd, leveraging its cutting-edge technology to drive enterprise efficiency and data-driven decision making;
    Actively assess new investment and acquisition opportunities to acquire businesses that align with Nexion’s strategic objectives;
    • Maintain its ASX listing, subject to compliance with ASX Listing Rule 12.1 and 12.2.
 
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