HANOI – Vietnam’s tech giant FPT has cut a deal with Japan’s consulting service provider LTS Inc. to become the latter’s strategic shareholder.
The strategic partnership is aimed at helping FPT strengthen its capabilities in Japan’s consulting industry and target more double-digit million-U.S. dollar deals.
The Japanese firm will help FPT enhance its consulting knowledge across industries and engineering resources, thereby improving customers’ business results. Furthermore, FPT will provide LTS with strengthened software services and strong expertise in new emerging technologies.
In addition, FPT will help LTS expand its access to new customers more easily, especially in the manufacturing industry.
LTS Inc. will contribute to building a high-quality workforce and a system for employee retention based on the company’s know-how, helping leverage FPT’s global presence across 27 countries.
The two firms will focus on ERP-related, low-code development and business management services, among others, based on smart technologies such as Artificial Intelligence, Internet of Things, Big Data, RPA and Smart Factory.
Established in Japan in 2005, the FPT branch has 2,000 employees. FPT Japan targets a workforce of 4,000 employees and revenue of US$1 billion in 2027.