Bangladesh’s technology sector is set for a major transformation as Walton Digi-Tech Industries Ltd moves toward merging with publicly listed Walton Hi-Tech Industries PLC.
A Memorandum of Understanding (MoU) regarding the proposed merger was signed on 3 September 2025 and subsequently endorsed at the 46th Board of Directors meeting of Walton Hi-Tech Industries PLC on the same day.
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If finalised, the strategic merger is expected to significantly strengthen Walton Hi-Tech’s product portfolio by incorporating Walton Digi-Tech’s wide range of laptops, computers, mobile phones, printed circuit boards (PCBs), and electric bikes. The next steps include securing approvals from relevant authorities and shareholders, with completion anticipated within the next several months. The consolidation aims to expand market reach, reduce operating costs, and further position Bangladesh as a hub for high-tech and digital manufacturing.
Walton Digi-Tech currently produces 123 types of high-tech products and reported strong capital, revenue, and profit in FY 2023-24. Walton Hi-Tech also posted substantial growth during the same period.
Md Ziaul Alam, FCA, ACA (ICAEW), CFO of Walton Hi-Tech, said the merger would drive growth and benefit investors. Liakat Ali, Additional Managing Director of Walton Digi-Tech, added that the collaboration would enhance Walton’s standing in the capital market.
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Industry sources noted that Walton Hi-Tech’s product line would gain further strength from its ongoing investments in lithium battery production and large-scale e-bike manufacturing, supporting expansion across Europe, America, Asia, the Middle East, and Africa.