Synagistics Limited recently announced the acquisition of Movitech Co. Ltd’s AI-enabled China-based chatbot business in a deal valued at $30 million USD (approximately $40.54 million SGD). While the acquisition itself was previously announced, new details surrounding the structure and Movitech’s valuation following the transaction have now emerged through sources familiar with the matter.
According to sources, the deal as first announced only included China chatbot operations owned by Movitech’s China office, Movitech Co.Ltd. The rights to acquire Movitech Co. Ltd. were said to be acquired over three years.
Movitech’s Singapore headquarters, Movitech Global Group, and its broader business however will continue operating independently as the company doubles down amid rapid expansion of its enterprise AI solutions business and eyes growth opportunities beyond the APAC region. The clients within its portfolio notably include Starbucks and Unilever. (Change to: Movitech Global Group, headquartered in Singapore, will continue operating independently following the transaction as the company expands its enterprise AI solutions business beyond the APAC region. According to company materials, Movitech’s client portfolio includes multinational brands such as Starbucks and Unilever.)
Demand for enterprise AI solutions has accelerated across sectors ranging from manufacturing to large multinational enterprises. As enterprises increasingly adopt AI-enabled automation to improve efficiency and reduce operational costs, according to sources familiar with the matter, the transaction implies a broader valuation for Movitech Global Group of approximately $100 million USD.
Prior to the news of the sale of the chatbot arm of Movitech’s business, Synagistics Limited and Movitech Co. Ltd unveiled Geene-M2 in March 2026, a proprietary multi-model large language model ecosystem purpose-built for vertical industries including finance, healthcare, retail, e-commerce, and supply chain operations.
The platform integrates Generative AI, blockchain, and data infrastructure technologies into a unified enterprise platformwhile placing a strong emphasis on regulatory compliance and data security. Geene-M2 has been designed with compliance considerations aligned to frameworks including GDPR, PDPA, and ISO27001, reflecting Movitech’s experience in developing enterprise-grade AI infrastructure for regulated business environments.
