Goh Brothers Acquire 100% of MACROKIOSK Group
By Digital News Asia June 4, 2020
- In their 20th year, the Goh brothers show unquenchable desire for growth
- The acquisition will accelerate Macrokiosk’s presence in the Asian market
Macrokiosk, the leading digital technology company in Asia, marked a significant milestone May 29 as its founders completed the acquisition of the remaining equities of Macrokiosk not already owned by the Founders from Japan’s GMO Internet Group’s unit, GMO Payment Gateway Inc (GMO-PG), for an undisclosed sum. Through the acquisition the founders, namely Kenny Goh, Henry Goh and C.S. Goh, obtain full ownership and control of Macrokiosk Group.
“We are extremely excited by the future of Macrokiosk. This acquisition is only natural because we have always believed in Macrokiosk wholly, whether in terms of its financial performance, growth potential or strong business acumen. With full control of Macrokiosk Group, we will rev up efforts aggressively in maintaining revenue growth trajectory and furtherGoh Brothers Acquire 100% of MACROKIOSK Group boost profitability while remaining agile and focused on delivering real value to our clients as we embark on this new chapter,” says C.S. Goh, cofounder.
Its recent rankings in the Financial Times High-Growth Companies Asia-Pacific 2020 and Statista Malaysia’s Growth Champion 2020 reinforce Macrokiosk’s position as one of the fastest growing companies in Malaysia and Asia Pacific. Since its inception in year 2000, Macrokiosk has been recording strong year-over-year growth with a record revenue of RM253 million in 2019, profitable and debt-free. According to the founders, Macrokiosk is on track to achieve another record-breaking revenue in 2020 despite the challenging economic climate resulting from the COVID-19 pandemic, as it remains committed in playing a pivotal role as an accelerator in the region’s digital economy and global digital marketplace.
“The acquisition will accelerate Macrokiosk’s presence in the Asian market. Our upcoming expansion roadmap will cover more Asian countries while assisting our diverse customers in embracing the digital economy quickly via our BOLD. solutions. Moreover, with the increasing adoption of digital technologies in all sectors, we see great opportunities in empowering even more businesses and individuals with scalable digital solutions as-a-service as we embrace the digital economy together,” says Henry Goh, cofounder.
Macrokiosk is headquartered in Asia and currently has local presence in 14 countries and regions across Asia and beyond. It is supported by a 250-strong team of multinational employees group-wide to power more than 3000 clients in 37 countries across 24 industries as well as millions of users worldwide.
“Macrokiosk had enjoyed an excellent relationship with GMO and we are thankful for their guidance and support over the last few years. They have been incredibly supportive of our vision in bringing Macro s to greater heights in the hands of the Founders. We will now grow bigger and stronger in all merits,” says Kenny Goh, Cofounder.
The acquisition comes in conjunction with the 20th anniversary of Macrokiosk. Growing from strength to strength, Macrokiosk is recognised both locally and internationally for its world-class proprietary digital technology platform as-a-service which is developed in-house to offer innovative digital solutions that are scalable, secure and highly adaptable.