Purchase of Singapore based VAD extends global footprint in APAC; Delivers combined revenues of >1bn€
LONDON & SINGAPORE--(Business Wire/Korea Newswire) January 13, 2016 -- Exclusive Group, the global value-added services and technologies (VAST) group, today announced the acquisition of Singapore HQ’d cybersecurity and infrastructure VAD, Transition Systems. The acquisition, the largest in its history, adds a further 18 offices in eight countries including: India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. With offices already in Australia and New Zealand, the move significantly expands the Group’s presence in the APAC region, and - with 50% of Transition Systems’ portfolio matching that of Exclusive Networks - the deal mirrors the profile of previous acquisitions where the benefits of scale and reach were immediately and positively realised.
The acquisition of Transition Systems brings the total size of the Exclusive Group to over 1,200 employees and 1bn€ annual revenues; 25% of which now come from APAC operations.
Olivier Breittmayer, CEO of Exclusive Group said: “Asia is crucial for the expansion of our global strategy and this acquisition gives us a great platform to grow throughout the region in the coming years. Transition Systems is a large, influential regional player with similar business DNA to our own, as well as having important vendors, technologies and a very strong value-adding culture in common. We have every confidence in the existing management of the business to continue applying its successful formula under its new Exclusive Networks brand in tune with our global VAST strategy.”
“This marks a significant opportunity for our partners, customers and people as we become part of the global Exclusive family and continue the journey we started in 1999,” said Jonathan Juay, Group Managing Director of Transition Systems. “With the support of the Exclusive Group we can remain committed to our value-adding principles, innovate new solutions and services for local market needs, and invest for greater expansion in the future. We are already looking at starting BigTec, Exclusive’s hyperconvergence business unit, into several countries, and exploring synergies with strategic Exclusive vendors and global SIs.”
Notes to Editors
Today Exclusive Group announces its acquisition of Transition Systems Asia including all its subsidiaries. Transition Systems Australia Pty is included in the acquisition and will therefore be majority owned by Exclusive Networks Asia Pacific. The company will continue to operate as Transition Systems Australia in its entirety until further notice.
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