The company aims to consolidate its 40% stake in ARway into full ownership to streamline operations and unify its software strategy.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) is advancing plans to acquire the remaining 60% of ARway, a move its CEO says will eliminate operational duplication. The company already owns 40% of ARway and has integrated its technology and customer base over several years.
The transaction is framed as a structural simplification rather than a traditional acquisition. Consolidating the businesses under one platform and engineering team is expected to strengthen Nextech3D.AI’s software-focused growth strategy.
No immediate market reaction was disclosed following the announcement, which was made earlier this week.