Nextech3D.ai CEO Discusses Acquisition Strategy for ARway
Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) is moving forward with the acquisition of the remaining ownership stake in its subsidiary, ARway. CEO Evan Gappelberg emphasized that this transaction should not be viewed as a traditional acquisition since Nextech already owns approximately 40% of ARway and has been integrating it for years. The deal aims to simplify operations by consolidating two companies into one platform with unified engineering teams and go-to-market strategies. The acquisition is expected to bring in $1.5 million annually in revenue, contributing immediately to profitability while shifting the company's focus toward software-driven growth. Gappelberg also highlighted ARway’s strong gross margins above 90% and its role as a central component of Nextech3D.ai’s vision for becoming an operating system for live events. The CEO expressed confidence in accelerating sales momentum, particularly through AI-enabled platforms like Map D, Eventdex, and CraftyLabs Intelligence. The transaction is expected to close by October after fulfilling regulatory requirements.
Topics: acquisition strategy ARway business integration Nextech3D.ai