Ascentium, a Singapore-based global business services platform, has acquired Dezan Shira & Associates, a professional services firm with over 30 years of experience in Asia. This strategic acquisition expands Ascentium’s operations to 27 markets, including new locations such as Mongolia, Poland, Germany, and Italy, enhancing its ability to support cross-border investments and multi-jurisdictional operations.
The acquisition strengthens Ascentium’s presence across the Chinese mainland, adding offices in Suzhou, Tianjin, and Zhongshan, bringing the total to 15 locations. This expansion allows Ascentium to better serve foreign investors entering or scaling in the Chinese market. The integration of Dezan Shira’s expertise in regulatory analysis, business intelligence, and tax advisory complements Ascentium’s existing services, creating a comprehensive platform for clients from market entry to long-term growth.
Dezan Shira’s Asia Briefing, a business intelligence and research arm, is also part of the acquisition. It provides insights on market entry, compliance, and regulatory developments, enhancing Ascentium’s advisory capabilities. Alberto Vettoretti, Managing Partner of Dezan Shira, expressed enthusiasm about the merger, stating it marks “an exciting new chapter” for the firm.
Lennard Yong, CEO of Ascentium, highlighted the acquisition’s role in creating a “fully connected advisory platform across Asia and beyond,” enabling the company to guide businesses through expansion stages. This move positions Ascentium as a leading advisory platform supporting foreign investment in Asia.
