AirAsia Group boosts digital presence in Thailand in RM207m deal

KUALA LUMPUR: AirAsia Group Bhd (AAGB) ramped up its digital presence in Thailand with the purchase of two Thai technology companies for a total of US$50mil (RM207.82mil) cash consideration.

AAGB's AirAsia ADS Sdn Bhd is buying 100% of Velox Technology (Thailand) Co. Ltd for US$40mil (RM166.26mil) from Velox South-East Asia Holdings Pte. Ltd (VSEA), Go-jek Singapore Pte. Ltd. and Velox Technology South-East Asia.

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AirAsia Group , digital presence , Velox Technology , AirAsia Digital

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