Nextech3D.ai to Acquire Remaining Shares of ARway, Bolstering AI Platform
Nextech3D.ai has announced an update on its proposed acquisition of the remaining shares of ARway Corporation that it does not already own. The company currently holds approximately 40% of ARway's outstanding shares, with management and insiders owning another 20%. Upon completion in October 2026, ARway will become a wholly owned subsidiary, integrating its augmented reality navigation technology into Nextech’s AI-powered platform. ARway generated $1.58 million in revenue and $1.52 million in gross profit for the fiscal year ended March 31, 2026. The acquisition is expected to enhance product innovation, reduce overhead costs, improve operational efficiency, and expand recurring SaaS revenue opportunities by consolidating event technology assets under one umbrella. Nextech's CEO Evan Gappelberg emphasized that combining ARway with Map Dynamics will create a more unified AI platform for the global events industry. The move is intended to strengthen Nextech’s position as an AI-first company focused on augmented reality, spatial computing, and digital engagement.
Topics: AI ARway acquisition business integration event technology SaaS