Singex Invests in Tyre Expo Organizer
Singex Exhibition Ventures (SEV), a subsidiary of the Singapore-based Singex Group, has concluded the investment in U.K.-based ECI International Ltd (ECI). ECI is now a wholly-owned subsidiary of Singex-ECI International. Financial details of the deal were not disclosed.
ECI is the organiser of the Tyrexpo series of exhibitions which includes Tyrexpo Asia and Tyrexpo India, as well as shows in South Africa and the U.K. Tyrexpo Asia is held every two years at the Singapore Expo. ECI’s founders, Paul Farrant and Rowena Suthers, will continue to stay with the company and help its expansion into new market segments.
Aloysius Arlando, CEO of SEV, was quoted saying, “I am delighted that we were able to successfully conclude our arrangements with ECI International Ltd. This was made possible because of our shared vision on the potential of the Tyrexpo series, which has a positive future with new growth possibilities in multiple markets and emerging regions.”