The court has approved the proposed merger of Walton Hi-Tech Industries PLC, a listed electronics company, with Walton Digi-Tech Industries Ltd, one of Bangladesh’s leading technology product manufacturers and marketers.

The court gave its approval on July 29, according to company sources.

The two companies signed a memorandum of understanding (MoU) on September 3, 2025, regarding the merger. On the same day, the proposal was approved at the 46th meeting of Walton Hi-Tech’s board of directors.

As part of the merger process, shareholders also approved the proposal at Walton’s extraordinary general meeting (EGM) held on May 21 this year.

Analysts believe the merger could strengthen Walton Hi-Tech’s product portfolio. Walton Digi-Tech currently manufactures and markets 123 types of technology products, including laptops, computers, printers, mobile phones, printed circuit boards (PCBs) and electric bikes.

According to financial statements, Walton Digi-Tech had paid-up capital of Tk30 crore as of June 30, 2025. Its net revenue stood at Tk915.80 crore during the fiscal year, while profit after tax was Tk4.09 crore.

In comparison, Walton Hi-Tech had paid-up capital of Tk302.93 crore during the same period. Its net revenue stood at Tk7,082.25 crore, with profit after tax reaching Tk1,036.62 crore.

Market analysts said the merger could further consolidate Walton’s position as one of Bangladesh’s leading manufacturers and exporters of technology products.

They believe the merger could help increase production capacity, improve the efficiency of the companies’ marketing networks and support further expansion into international markets.

Market participants also expect the merger to have a positive impact on investor confidence in Walton Hi-Tech in the capital market.