Nextech3D.ai Aims to Fully Acquire AI Firm ARway

Nextech3D.ai has announced its intention to acquire all shares of Arway Corporation not currently owned by the company. Nextech already holds 40% of Arway's shares and aims to consolidate its operations by integrating Arway with its event platform, Map D. The planned reacquisition is part of Nextech's strategy to streamline operations and accelerate growth in AI and event technology.

CEO Evan Gappelberg highlighted the operational efficiencies that will be realized by eliminating redundancies and centralizing resources. There is a strong alignment of interests, as Nextech's management holds a 20% stake in Arway. The transaction is subject to shareholder and regulatory approval.

The goal is to offer a comprehensive SaaS platform covering event management, AI matchmaking, AR navigation, and blockchain ticketing. Nextech aims to enhance recurring revenue through these integrated solutions.