Australia-based Trimantium GrowthOps has acquired Singapore-based Asia Pacific Digital (APD).
The acquisition, according to the company, will result in an expanded service offering, a deeper footprint in Asia Pacific, increased scale that will allow the merged company to compete with larger global service providers, and cost efficiencies resulting from from "the removal of APD company listing costs as well as other run-rate cost synergies".
“We continue to be impressed with the depth of skills of APD’s people and the resulting opportunities that we see for collaboration and cross-selling across the two businesses," GrowthOps CEO Paul Mansfield said in a release. "APD brings to GrowthOps a non-overlapping and complementary set of services as well as a higher profile across Asia. The acquisition makes a lot of strategic sense for us, and we are excited to see what we can do together.”
The combined company will employ more than 500 people in nine cities in six countries. Trimantium GrowthOps has offices in Melbourne, Brisbane, Sydney, Singapore and Hong Kong. It describes itself as an "entrepreneurial advisory and operations partner" and lists capabilities including management consulting, technology, advertising and creative, analysis of market threats and opportunities, positioning and brand strategy, and marketing communications.
APD employs 300 people in offices in Singapore, Auckland, Melbourne, Sydney, Manila and Kuala Lumpur. It lists areas of expertise including digital transformation strategy, customer experience design, customer engagement, technology builds, and digital marketing.
As for the APD brand, a spokesperson said it "will continue and when appropriate, like all GrowthOps businesses, we will move to a single brand".
The spokesperson said Trimantium GrowthOps could not comment now on whether offices will be combined or whether any redundancies are expected to result from the acquisition.
Trimantium GrowthOps acquired 96.72% of APD's fully paid ordinary shares as of the close of its
off-market takeover offer yesterday, and will now proceed to "compulsorily acquire" all remaining Shares, according to the statement.