Singapore-based technology services firm ADERA has teamed up with F&B chain BreadTalk to launch a joint venture targeting to provide tech solutions for SMEs. Meanwhile, US-headquartered water solutions provider Gradiant has acquired Malaysia’s Sigma Water Engineering.
ADERA, BreadTalk set up tech JV to serve SMEs
Singapore-based technology services firm ADERA AI Pte Ltd and SGX-listed food and beverage (F&B) company BreadTalk Group have formed a technology joint venture (JV) to develop fintech and digital solutions targeted at small and medium enterprises (SMEs).
The companies said in a statement that the JV will build solutions including data analytics, blockchain-based supply chain financing platform and digital payments, among others.
It aims to create a scalable omni-channel platform to enhance outreach to customers via new sales channels, integrating operations, incorporating digital payments, facial recognition and designing a cohesive user experience for end-customers.
At the same time, the JV will also establish a blockchain-based supply chain financing platform with digitalised processes and document automation so stakeholders can gain faster access to financing and potentially lower their costs of funding.
The first batch of fintech and digital solutions is slated for 1Q2021 and it will be deployed across BreadTalk Group’s F&B network as proof-of-concepts before adaption for mainstream adoption in other industries.
“As we adapt and adjust to the new normal economy, both ADERA and BreadTalk Group recognise that our combined know-how and experience can lead to the development of cutting- edge fintech and digital tools that can be adapted for the digitalisation roadmap of other industry segments,” commented Lennon Tan, chairman of ADERA.
Gradiant acquires Malaysia’s Sigma Water Engineering
Boston-headquartered water solutions provider Gradiant has acquired Malaysia-based Sigma Water Engineering to expand its operations in Southeast Asia, according to an announcement.
Sigma Water Engineering is an industrial water and wastewater treatment company, which has served customers in F&B, oil and gas, glove manufacturing, and other water-intensive industries. The company also has a fabrication and chemical storage facility based in Malaysia.
Gradiant said it will integrate its brine concentration product suite with Sigma Water’s engineering and execution abilities to better serve regional customers across different sectors.
“Sigma Water has the experience, the manufacturing scale, and the reputable network bolstering Gradiant’s presence throughout the region and improving upon our customer offerings,” said Prakash Govindan, co-founder and COO of Gradiant.
Gradiant owns an R&D facility in Singapore and has operating subsidiaries in India, China, Australia and the Middle East.