Sagtec Global Enters Indonesia with Master Dealership for Cloud-Based Smart Ordering System, Targeting US$30 Million in Revenue
Rhea-AI Summary
Sagtec Global (NASDAQ: SAGT) has announced its expansion into Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi for its Speed+ Cloud Base Smart Ordering System. The agreement includes a minimum annual commitment of 10,000 licenses from Kiwari, projected to generate at least US$30 million in revenue over five years.
The partnership aims to accelerate Speed+ adoption in Indonesia's growing digital transformation market, which is forecast to reach US$60 billion by 2030 with a CAGR of 20%. The expansion targets Indonesia's food and beverage sector, expected to exceed US$250 billion by 2030. The Asia Pacific cloud-based Point of Sale market is projected to grow at a CAGR of 20% from 2024 to 2030, presenting significant opportunities for Speed+ in the region.
Positive
- Secured exclusive master dealership agreement in Indonesia with guaranteed minimum annual purchase of 10,000 licenses
- Projected revenue of US$30 million over next five years from the agreement
- Entry into Indonesia's digital transformation market valued at US$60 billion by 2030
- Strategic expansion into F&B sector expected to reach US$250 billion by 2030
Negative
- None.
News Market Reaction – SAGT
In the trading session that priced this news, SAGT declined 2.18%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
KUALA LUMPUR, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, proudly announced its expansion to Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi (“Kiwari”), appointing Kiwari as the exclusive master dealer for Sagtec’s Speed+ Could Base Smart Ordering System (“Speed+”).
Kiwari has committed to a minimum annual purchase of 10,000 licenses, generating an estimated revenue of at least US
According to Mordor Intelligence, Indonesia’s digital transformation market is projected to reach approximately US
In line with this trend, according to Grand View Research, the Asia Pacific cloud-based Point of Sale (POS) market is expected to expand at a CAGR of almost
“Securing this Master Dealership Agreement with PT Kiwari Asih Solusi represents a significant milestone in our expansion strategy for Southeast Asia. Indonesia offers a unique growth opportunity, fueled by its rapidly developing digital economy and increasing demand for innovative cloud-based solutions. With Speed+, we are excited to empower local businesses to optimize their operations and stay ahead in an increasingly competitive market,” said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec.
About Sagtec Global Limited
Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs). Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.
For more information on the Company, please log on to https://www.sagtec-global.com/.
About PT Kiwari Asih Solusi
Kiwari is a leading provider of IoT and general trading solutions, specializing in industrial efficiency and business growth across various sectors. Founded by industry professionals, the company integrates advanced technology with a personalized approach to deliver tailored solutions that enhance productivity and operational performance. Committed to innovation and client success, Kiwari empowers businesses with scalable, technology-driven strategies to navigate the evolving digital landscape.
For more details, please log on to https://www.kasolusi.com/.
Contact Information:
Sagtec Global Limited Contact:
Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone +6011-6217 3661
Email: info@sagtec-global.com
