SALTO Systems announced its intention for further expansion in the Asia Pacific region.
As Asia moves out of the pandemic, smart access is not only a critical foundation for business resilience but will also be a key driver of the region’s next wave of economic growth.
“I am proud of the dedication and hard work of our team over the past ten years. I would also like to thank our joint venture partners for their close partnership and especially for their support through some of the most difficult trading conditions we have seen in recent times,” said Scott Fraser, President, SALTO Asia Pacific.
“In 2010, SALTO entered into a joint venture (JV) agreement with a Singaporean company with the intention of expanding our geographic footprint and accelerating our growth. This cooperation has enabled us to establish a visible presence within a number of Asian countries as well as build a dedicated team of professionals that has been working hard to grow our market share. The JV was 51% owned by SALTO and we are pleased to announce, effective immediately, we have acquired the remaining 49% share of our Singaporean partner. As a result, the SALTO Singapore BU is now a 100% wholly-owned subsidiary of SALTO Systems SL to better support and co-innovate with customers and partners.”
“Asia now accounts for sixty percent of the world’s growth and is leading the global recovery with the digitalization of business models and economies,” said Fraser. “Access control and smart technologies will continue to be a core foundation empowering the realization of Asia’s ambitions, enabling projects across industries, countries, and communities, to drive our growth in the region.”
Singapore Region and Team
The region the SALTO Singapore Business Unit (SG BU) is responsible for has been revised. The new region includes Singapore, Malaysia, Thailand, Laos, Cambodia, and Myanmar.
Given Singapore’s importance as a central hub within Asia, SALTO looks to maximise its presence and capability. In recognition of this, and to support the changes, SALTO has commenced the search for a new office to enable everyone to experience smart access technologies for work, life, and play in a brand new XSperience Centre.
Growing ‘In and With’ the Asia Pacific
SALTO started operating in the Asia Pacific region more than 15 years ago. With people in 10 markets in the area to deploy products and services. SALTO will also establish three new locations with BU’s in Japan, Indonesia, and the Philippines. The Singapore BU will continue to look after Japan, Indonesia, and the Philippines whilst the new BU’s are created.
