Nissha Co., Ltd, a Japanese provider of industrial materials, devices, and medical technologies, has acquired a majority stake in USM Healthcare, a Ho Chi Minh City-based medical device manufacturer, while Tasco Group, one of Vietnam’s largest mobility conglomerates, has partnered with GenAI Fund to accelerate its corporate innovation cycle.
Japan’s Nissha acquires 60% stake in EastBridge-backed USM Healthcare
Nissha Co., Ltd, a Japanese provider of industrial materials, devices, and medical technologies, has acquired a majority stake in USM Healthcare, a medical device manufacturer based in Ho Chi Minh City, according to a disclosure.
The company and Nissha Vietnam Co., Ltd., which is a local Vietnamese corporation of the Nissha Group, will acquire 60% of the issued shares of USM Healthcare.
Following the acquisition, USM Healthcare will become a subsidiary of Nissha.
The transaction value was not disclosed. The implementation date of the share transfer is scheduled for March this year.
USM Healthcare is backed by South Korea–based private equity firm EastBridge Partners and Singapore-based investment firm Sweef Capital. Major shareholders are Vo Xuan Boi Lam (48.82%), EastBridge Partners (25.71%), and other shareholders (25.47%).
Tasco Group partners GenAI Fund launch initiative for startups
Tasco Group, one of Vietnam’s largest mobility conglomerates, has partnered with GenAI Fund to accelerate its corporate innovation cycle.
The six-week operational sprint, powered by GenAI Fund, bypassed traditional R&D delays by matching 30 specific operational problems with global AI and technology providers.
The initiative successfully attracted 40% international participation, proving that Southeast Asian enterprises can command global attention when the path to validation is clear.
GenAI Fund said it sourced more than 300 proposals from AI startups across 15 markets, including the US, Singapore, India, China, and Europe, before shortlisting 39 companies for direct discussions with Tasco’s decision-makers.
Tasco is a major player in Vietnam’s mobility sector, controlling 13.7% of the auto market through its subsidiary Tasco Auto, which operates more than 150 showrooms nationwide. The group is also a dominant electronic toll collection operator via VETC, with around 75% market share. Mitsui is a strategic shareholder in Tasco Auto.
Last year, DealStreetAsia first reported that Vietnam’s construction and engineering conglomerate Tasco JSC was planning to set up a corporate venture capital (CVC) arm to diversify its investment portfolio and tap into emerging opportunities.
GenAI Fund is Southeast Asia’s first AI-focused venture capital fund and works with enterprises and governments to deploy AI solutions at scale.
