âThis acquisition accelerates WestComâs penetration into a vital, high-growth market,â said Alexander Russo, CEO of WestCom. âOur Asian customers gain access to a global platform enabling rapid connectivity to thousands of trading floors worldwide. More broadly, the acquisition rounds-out our geographic footprint, positioning WestCom to even more effectively serve the trading requirements of our global customers.â
In connection with the transaction, Nittan Capital has signed an exclusive 3 year service agreement with WestCom in the region.
âWe are pleased to be working with WestCom, the established market leader in trader voice services.â said Denis Cheung, Managing Director of Nittan Capital Asia. âNittan Capital will benefit from WestComâs leading telecommunication technology solutions, their global presence and their Asian focus. We see this transaction as a truly win-win outcome and are pleased to be working with WestCom for our mutual benefit.â
The company plans to leverage its newly acquired assets with immediate investment in Hong Kong, Tokyo and Singapore to deepen the existing management team and enhance its service capabilities. Next steps include expansion of its AsiaPac footprint to effectively address customer demand for rapid access into regional emerging markets, initially targeting China, India and South Korea.
The transaction is expected to close mid-January and integration of the two companiesâ network and business operations will begin immediately thereafter.