Vistra is pleased to announce the acquisition of Intro International, a corporate services provider based in Singapore.
Intro International is a boutique participant in Singapore's corporate services industry, providing corporate secretarial, accounting and tax compliance services. It has a portfolio of international clients, many of whom are trading companies from the UK and Australia looking to establish an operation in Singapore. The acquisition fits well with Vistra's strategy to focus on FDI-driven international expansion services and is consistent with other acquisitions carried out in this space over the last 12 months.
Managing Director and founder of Intro International, Duncan Merrin, comments, "I am delighted to have completed this transaction and very much look forward to working with Vistra Group in the future. Our business has grown strongly in recent years reflecting both our efforts in business development and our team's strong client service orientation. The combination with Vistra will enable us to leverage the Group's wider network by collaborating with their personnel focused on International Expansion Services".
Martin Crawford, CEO of Vistra, says, "Intro International is a good fit with our Group's strategic focus, in particular with our International Expansion Services division. Their experienced management and indepth knowledge of the field will be important assets to our global team, and will drive the evolution of our service offering in Singapore".
Chris Burton, Managing Director of Vistra Singapore, says, "This transaction not only strengthens our market presence, but the strong relationships Intro International has with various trade bodies can also help us to tap into new client base which will widen our business referrals outside Singapore".
Duncan Merrin and Yati Merrin will remain with the business for the foreseeable future, with Duncan becoming a consultant to Vistra after the transition period. Graham Harkness, currently Director at Intro International, will take up the role of Director, International Expansion Services, in Vistra Singapore, spearheading the business development effort in this area.