Lotte Innovate Launches Overseas Expansion for Data Center Business... Partners With Vietnam's CMC
TECHWORLD ·
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Lotte Innovate signed a memorandum of understanding (MOU) with Vietnam IT company CMC Group on the 13th for strategic business cooperation.
The areas of cooperation are hyperscale data centers, EV charging business (CPO), cybersecurity, offshore IT services and cloud.
The two companies plan to jointly identify new customers and business opportunities and secure global business opportunities in new business areas such as data centers and EV charging infrastructure.
Lotte Innovate is partnering with CMC Group, a Vietnamese IT company.
Lotte Innovate signed a memorandum of understanding (MOU) with CMC Group on the 13th for strategic business cooperation, as part of efforts to expand its business areas in Vietnam based on its IT business experience in the country and its domestic capabilities in new businesses.
The partnership aims to secure global business opportunities in new business areas such as data centers and EV charging infrastructure.
The two companies will pursue cooperation by combining Lotte Innovate's technological and operational capabilities with CMC Group's local business network. The areas of cooperation cover five fields: hyperscale data centers, EV charging business (CPO), cybersecurity, offshore IT services and cloud.
The two companies plan to explore cooperation opportunities in these areas and jointly identify new customers and business opportunities.
Lotte Innovate and CMC Group are reviewing cooperation in various IT and infrastructure fields based on the capabilities they have built in Korea and Vietnam. Based on Lotte Innovate's design, build and operate (DBO) capabilities accumulated in Korea, the two companies are also reviewing the possibility of cooperation in the data center sector in Vietnam's hyperscale data center market.
In addition, Lotte Innovate is seeking local CPO business opportunities in the EV charging sector by leveraging the charging infrastructure build and operation capabilities of its subsidiary EVSIS. The two companies are also reviewing additional cooperation in cybersecurity, offshore IT services and cloud by linking their expertise.
Choi Jong-pil, head of Lotte Innovate's Vietnam corporation, said the company is expanding its business areas based on its financial IT business experience accumulated in Vietnam and its data center and EV charging infrastructure capabilities secured in Korea. He added that through cooperation with CMC Group, the company will seek to strengthen its local business foundation and actively discover new business opportunities in future growth areas.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408159
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Source: TECHWORLD
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