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Benzinga

Business

Henry Khederian

Gorilla Technology (GRRR) Stock Surges On Agreement To Acquire Thai AI Firms

Gorilla Gorilla Technology CNS

Stock,Market,Graph,Going,Down

Shares of Gorilla Technology Group Inc (NASDAQ:GRRR) are surging Tuesday morning, rising over 17% to $23.96 after announcing a definitive agreement to acquire Thai technology providers CNS and its subsidiary CANS. The deal, with undisclosed financial terms, is expected to close this summer.

What To Know: The company says this acquisition significantly boosts Gorilla’s presence in Southeast Asia, integrating a mobile-first, AI-powered customer engagement platform into its portfolio.

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