Golfzon to acquire CM Infotech for KRW 14.9bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $10m
- Stake
- —
- Implied 100%
- —
- Revenue
- —
- Op. income
- —
- Multiples
- —
- Target
- CM Infotech · Golf course management software (ERP)
- Buyer
- Golfzon · SI
- Seller
- —
- Structure
- —
- Announced
- Mar 11, 2022
- Closed
- —
- Stage
- Announced
Target
CM Infotech (now Golfzon CM) is Korea's No.1 golf course ERP provider, supplying smart golf-course operating systems that integrate parking guidance, self check-in, smart caddies and tablet-based F&B ordering.
Deal rationale
Golfzon said it acquired a 96% stake in CM Infotech, Korea's top golf course ERP firm, to strengthen its smart golf business base, explaining the purpose as pursuing smart golf combining golf-related ICT and AI. Co-CEO Park Kang-su said the deal gave Golfzon top-level field golf-course operating systems to supply to courses in Korea and worldwide. The company was renamed Golfzon CM in April 2022.
Press coverage
- 뉴스1 (2022-03-11): “골프존, 스마트골프 추진 위해 씨엠인포텍 149억원에 인수”
- 비즈워치 (2022-03-11): “씨엠인포텍 지분을 인수함으로써 필드 골프장 운영과 관련된 최고 수준의 시스템을 갖추게 됐다”
- 머니투데이방송 (2022-04-04): “골프존은 지난달 골프장 ERP(전사적자원관리) 시스템 업체인 ‘씨엠인포텍’의 지분을 96% 인수한 바 있다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.