Gorilla technology group signs heads of terms to acquire bacom internetwork

--bolsters global expansion strategy-- --entry point to provide smart city solutions in thailand-- london, june 12, 2023 (globe newswire) -- gorilla technology group inc. (“gorilla”) (nasdaq: grrr), a global provider of ai-based edge video analytics, iot technologies, and cybersecurity, today announced that it agreed to binding terms to acquire bacom internetwork, a leading pioneer, distributor and systems integrator of smart city infrastructure solutions in thailand. the planned transaction is expected to close by the end of september and is subject to confirmatory due diligence, finalizing transaction documentation, and obtaining necessary local regulatory approvals.
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