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Acquisition

Smartworks buys Singapore's Workstudio Spaces

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Smartworks logo
Date
Company
Smartworks
What it does
Smartworks buys Singapore operator
Kind
Acquisition
Amount
SGD 2.47 million
Based in
Bengaluru

What they do

Smartworks agreed to acquire Workstudio Spaces, a flexible workspace business based in Singapore, for about 2.47 million Singapore dollars

What happened

The deal adds a local operating team and centres to the company's push into the Singapore office market

Why it matters

Singapore is the company's first big overseas market, so the purchase deepens a footprint it is already building there

The details

  • Smartworks signs a deal to buy Workstudio Spaces of Singapore.
  • The price is about SGD 2.47 million.
  • Workstudio runs flexible workspaces in Singapore.
  • The buy follows a string of new Singapore centres this year.

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