Nextech3D.ai CEO discusses ARway acquisition strategy - ICYMI

Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) earlier this week announced progress toward acquiring the remaining ownership interest in ARway, a move that Chief Executive Officer Evan Gappelberg said would simplify the company's structure while strengthening its software-focused growth strategy. Speaking with Proactive, Gappelberg said the transaction should not be viewed as a conventional acquisition because Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) already owns approximately 40% of ARway and has spent several years integrating its technology, customer relationships and product strategy. He said completing the acquisition would allow the businesses to operate under a single platform, engineering team and go-to-market strategy while eliminating operational duplication. Proactive : Welcome back inside our Proactive newsroom. Joining me is Evan Gappelberg, CEO of Nextech3D.ai. Good to see you again. How are you? Evan Gappelberg : I'm good. Great to be back. Last time we spoke during one of our live events, investors were asking about ARway and the plans to bring it back into the main Nextech business. You have an update today. We are moving forward with the acquisition of the remaining ownership of ARway. This isn't a traditional acquisition because we already own about 40% of ARway. We've spent years integrating the technologies, customers and product strategy. What changes now is the ownership structure. We move from operating two companies to one company, one platform, one engineering team and one go-to-market strategy. T...