Bluebik Group Public Company Limited agreed to acquire Innoviz Solutions Co., Ltd. from TAWEEWAT GROUP CO.,LTD. and others for approximately THB 900 million.

Bluebik Group Public Company Limited (SET:BBIK) agreed to acquire Innoviz Solutions Co., Ltd. from TAWEEWAT GROUP CO.,LTD. and others for approximately THB 900 million on December 1, 2022. Under the terms, will acquire 100,000 shares and consideration will be paid in several tranches. Other sellers include, Wandee Wanikpun, Passara Amornjarusonthikul, Piyarat Kanyala, Sriwilai Konkkarat, Suraket Kasemprasaspor, Somkiat Apiwatudomkun and Akkarapon Kasiwittayanun Transaction is subject to approval of Bluebik Group Public Company's shareholders.

Transaction is expected to close on March 13, 2025. TISCO Securities Co., Ltd. acted as a financial advisor to Bluebik Group Public Company Limited. For the year December 31, 2021, Innoviz Solutions Co.

reported THB 165.26 million of Total assets, THB 44.87 million of Total shareholders' equity and THB 243.83 million of Total Revenues. As of February 21, 2023, the first payment of Tranche 1 (for the transfer of 55,000 shares or 55.00 percent of Innoviz shares) was completed which makes Innoviz to be subsidiary of the Company.