Walton Digi-Tech Merges with Walton Hi-Tech

In a strategic move within Bangladesh’s technology sector, two companies of the Walton Group are set to merge. Walton Digi-Tech Industries Limited, a manufacturer and marketer of technology products, is being integrated with the publicly listed Walton Hi-Tech Industries PLC.

The two companies signed a memorandum of understanding on Wednesday, which was also approved the same day at the 46th board meeting of Walton Hi-Tech. Pending approval from the capital market regulator and shareholders, the strategic merger is expected to be finalized within the coming months.

With this integration, Walton Digi-Tech’s portfolio—including laptops, computers, mobile phones, printed circuit boards (PCB), and electric bikes—will enrich the product line of Walton Hi-Tech. Walton authorities expect that the merger will enhance business capacity, expand market coverage, and reduce operational costs.

According to a press release issued on Thursday, Walton Digi-Tech Industries Limited currently produces and markets 123 types of products and accessories, including laptops, computers, printers, mobile phones, PCBs, and electric bikes. It is also the only company in Bangladesh to establish factories for mobile phone and PCB manufacturing.

In the 2024–25 fiscal year, Walton Digi-Tech’s paid-up capital stood at Tk 30 crore, with net revenue of Tk 1,015.91 crore and post-tax profit of Tk 18.14 crore. During the same period, Walton Hi-Tech Industries PLC reported a paid-up capital of Tk 302.92 crore, net revenue of Tk 7,512.11 crore, and post-tax profit of Tk 135.65 crore.

Walton Hi-Tech Industries PLC manufactures, markets, and exports a range of products including refrigerators, compressors, air conditioners, televisions, elevators, fans, cables, washing machines, and various other home and electrical appliances.

Commenting on the merger, Md. Ziaul Alam, Chief Financial Officer of Walton Hi-Tech Industries PLC, said: “Walton Digi-Tech is the country’s leading technology product manufacturer, marketer, and exporter. By providing high-tech IT products of superior quality to both domestic and international markets, Walton Digi-Tech has earned widespread recognition.

“By initiating the merger of such a reputed company, I extend congratulations to all members of the Walton Hi-Tech Industries PLC board of directors, general investors, and countless customers and well-wishers.”

He added: “Once this merger takes place, Walton Hi-Tech’s business will expand further, bringing greater benefits to investors.”

Liaqat Ali, Additional Managing Director of Walton Digi-Tech Industries Limited, noted: “From the very beginning, Walton Hi-Tech has been conducting business in full compliance as one of the leading companies in the capital market. As a result, Walton Hi-Tech Industries PLC has earned the confidence of investors in the market.

“Through this merger with such a fundamentally strong company, Walton Hi-Tech will become even more enriched, and the business will expand further.”