Encor Group Acquires Creative Zone to Fuel GCC Expansion
Encor Group, a business setup and advisory firm, has acquired Creative Zone, a company formation consultancy, to strengthen its presence and service offerings across the GCC region. This acquisition aims to provide a comprehensive suite of solutions for businesses looking to establish and grow in the Middle East.
Key Details
The acquisition of Creative Zone by Encor Group marks a significant step in Encor's strategy to expand its market share and service capabilities within the GCC.
Creative Zone will continue to operate under its own brand name.
The deal aims to create a synergy between the two companies, providing clients with a wider range of services, including business setup, visa processing, tax and accounting, and HR solutions.
Lorenzo Jooris, CEO of Creative Zone, will join the Encor Group board and continue to lead the Creative Zone business.
Strategic Rationale
The acquisition aligns with Encor Group's objective to become a one-stop shop for businesses looking to enter or expand within the GCC market.
By integrating Creative Zone's expertise in company formation with Encor's existing advisory services, the combined entity can offer a more seamless and efficient experience for clients.
The move is expected to enhance Encor Group's ability to serve a diverse range of clients, from startups to multinational corporations.
GCC Market Focus
The GCC remains a key growth market for businesses, attracting significant foreign investment and entrepreneurial activity.
The acquisition positions Encor Group to capitalize on the increasing demand for business setup and advisory services in the region.
The combined entity will have a strong presence in major GCC hubs, including the UAE, Saudi Arabia, and Qatar.
Leadership Commentary
Armand Arton, Founder and Chairman of Encor Group, emphasized the strategic importance of the acquisition in strengthening the company's GCC presence.
Lorenzo Jooris, CEO of Creative Zone, expressed enthusiasm about joining the Encor Group and the opportunities for growth and innovation.
Looking Ahead
The acquisition is expected to drive significant growth for Encor Group and Creative Zone, enhancing their ability to serve businesses in the GCC region. The integration of the two companies will focus on creating a seamless experience for clients and expanding their service offerings.
Source: Incarabia