Exeo Global opens new HQ in Singapore, plans expansion in Southeast Asia

A unit of the Japanese firm Exeo Group officially opened its new global headquarters here on Thursday.

The 11,000 sq m building in Aljunied – called The Pulse – houses the company’s subsidiaries in the information and communication technology (ICT) infrastructure and technology sector, including Aeqon, Ascent Solutions and Telistar Solutions.

Tokyo-listed Exeo Global has 2,500 employees, with 1,000 based here, including 350 at the six-storey The Pulse, but this will rise to 600 eventually.

Chief Executive Fumitoshi Imaizumi said on Thursday that the company built The Pulse here due to Singapore’s strategic location, business-friendly practices, political stability and cultural diversity.

“The nation has also been able to attract top talent from around the region, and, having invested in businesses here in Singapore, I personally find the startup environment extremely vibrant and solutions available highly innovative,” he noted.

Mr Imaizumi added that the company is looking to expand into other countries in Southeast Asia, telling The Straits Times: “Once we establish a strong business foundation here, we would like to develop into neighbouring countries like Indonesia, Malaysia, Thailand and the Philippines.”

Exeo Global’s primary business is in managed IT services. The company has subsidiaries in industries such as mechanical and electrical engineering services, ICT infrastructure and supply chain technologies.

The opening of Exeo Global’s global headquarters here reflects the potential Japanese companies see in Singapore and for closer collaboration, said Minister of State for Trade and Industry Low Yen Ling.

Ms Low said at the opening ceremony: “It not only affirms Singapore’s continued appeal as a technology innovation hub, but also reflects Exeo Global’s commitment to fostering stronger partnerships within the Southeast Asian region and driving greater economic cooperation between Singapore and Japan.”

Singapore’s Ministry of Trade and Industry and Japan’s Ministry of Economy, Trade and Industry held the first Japan-Singapore Economic Dialogue earlier in 2023.

It involved public and private sector participants discussing startup ecosystems, enhancing supply chains in the digital age and the digital economy.

Source: The Straits Times ©️ SPH Media Limited. Permission required for reproduction.