SIRVA Inc., a leading global relocation and moving services provider, announced its acquisition of NewPort Real Estate Limited, a Shanghai, China, supplier of relocation and destination services.
"The acquisition of NewPort broadens SIRVA's China capabilities to deliver destination and real estate services in this important, growing economy," said Jacob George, SIRVA president of Asia and Middle East markets. "This integration will further strengthen our value proposition for our clients both in terms of cost savings through direct access to property listings and the overall customer experience with the addition of the highly seasoned team."
Established in 2006, NewPort provides premier relocation and residential services for expatriates moving to Shanghai. The company's services include pre-departure consultancy services, home-finding services and post-move-in support services, which can be selected individually or packaged to provide a complete end-to-end solution. NewPort serves many top multinational Fortune 500 corporations and is known for its high customer satisfaction levels.
"The relocation industry in China is undergoing dramatic transformation. Joining SIRVA Relocation is the ideal opportunity for us to push forward our expansion goal on a faster and much larger scale," said Alex Chua, CEO and founder of NewPort Real Estate Limited. "With SIRVA, we have a seamless fit with our combined real estate expertise, technology and approach to servicing new and existing clients."
With the acquisition, SIRVA continues to strengthen its presence in mainland China with offices in seven cities: Shanghai, Beijing, Dalian, Guangzhou, Suzhou, Shenzhen and Chengdu.
Financials of the deal were not disclosed.
