Press release : X-PM, a company leader in interim management, announces the acquisition of 70% of the shares of its subsidiary X-PM SEA (South-East Asia)
This strategic takeover reflects the desire of X-PM, which works with more than 600 companies each year for a turnover of nearly €100 million, to strengthen its international presence in a rapidly developing market.
The Asian interim management market is growing, and this transaction will allow X-PM to implement its solid development strategy, already proven in France and Europe. By relying on the expertise of the Alixio Group, this equity investment aims to accelerate the growth of X-PM SEA and strengthen its commercial capabilities to cover the Asian Region from Singapore.
Developing the interim management market in Asia
X-PM SEA, X-PM SEA, based in Singapore, has been offering interim management and executive search services for over 15 years. With a multidisciplinary team of business partners, X-PM Asia supports companies facing challenges such as turnarounds, performance improvement or transformation projects.
“We are delighted to take this new step that allows us to develop our activities in the region,” said Mike Magee, Managing Director of X-PM SEA. “The support of the Alixio Group will accelerate our growth and strengthen our ability to respond to international missions by attracting the best talents capable of meeting the strategic needs of our clients in Asia.”
“This acquisition is a decisive step in consolidating our position as a global leader in interim management,” added Bernard Etchenagucia, President of X-PM. “With this acquisition of a majority stake in X-PM SEA, we strengthen our expansion potential in the Asia Region with an increased capacity to respond to the needs of our multinational clients.”
With this transaction, X-PM and the Alixio Group reaffirm their ambition to become a world leader in the field of interim management, by continuing their expansion in promising international markets.
Contacts Presse : Tom Ruffio – tom@time2scale.com – Tel : +33 6 84 50 97 92