AirAsia Group announces the acquisition of two Thailand-based businesses from Southeast Asia’s leading multi-service platform and digital payment technology group Gojek in order to bolster the company.
The purchase of Gojek’s business in Thailand is aligned with the company’s strategy of effectively growing the AirAsia SuperApp’s growth throughout the ASEAN region. Simultaneously, it allows Gojek to broaden its investment, particularly in the Vietnam and Singapore markets.
In return, Gojek will receive partial ownership in AirAsia SuperApp, which has a market cap of around US$1 billion. The merger strengthens both parties’ business foundations and creates new opportunities for stable and sustainable growth in one of the world’s fastest expanding regions.