Harvest Technology Group Ltd (ASX: HTG) shares are on watch today after the company released news of an acquisition this morning. The industrial communications group said the acquisition would mark the start of its expansion into the United States and international markets.
The Harvest Technology share price closed yesterday’s session at 33 cents.
Let’s take a closer look at the company’s announcement.
Harvest Technology announced today it has signed a binding term sheet to acquire US-based SnapSupport Inc., a software as a service (SaaS) provider.
The company also said it will accelerate its strategic swing towards a SaaS business model.
SnapSupport works to help remote field workers during…