Virtuzone's Strategic Acquisition by Ascentium Signals Middle East Expansion

Virtuzone, the leading UAE provider of company formation solutions, has been acquired by Ascentium, a global business services platform based in Singapore. This acquisition, which includes Virtuzone's affiliated companies such as Taxready.ae, Next Generation Equity, and MAKTABI, marks a strategic move by Ascentium to establish a significant presence in the Gulf Cooperation Council (GCC) region and beyond. The acquisition is part of Ascentium's broader goal to tap into emerging markets in the Middle East and expand its portfolio, supported by Hillhouse Investment, a private equity firm managing $100 billion in assets. Virtuzone's leadership in the UAE's business landscape will reinforce Ascentium's business acumen, facilitating new milestones and providing expanded global reach for their clientele, while infusing AI-driven digital tools for enhanced services. Both organisations recognise growth opportunities in the Middle East and other markets such as the Far East and Latin America, leveraging shared values and expertise to transform business operations.