SIRVA Announces Acquisition of NewPort Real Estate Limited in Shanghai, ChinaBy Sirva Inc., PRNE
Monday, January 3, 2011
CHICAGO, January 4, 2011 - 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
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.
For insight into China's evolving relocation market, view SIRVA's "China
Mobility Report" Vol. 1 and 2 at chinaindex.sirva.com/. To learn more
about SIRVA, visit www.sirva.com.
A leading worldwide provider of relocation and moving solutions, SIRVA
Inc. (www.sirva.com) provides more than 230,000 relocations per year
to corporations, government employees and individual consumers. The Company
delivers the best mobility experience at the lowest total cost to relocate
through complete management of the global supply chain, the world's leading
global operations, industry-leading risk management processes, and full
accountability and transparency of all costs. SIRVA's brands include Allied,
Allied International, Allied Pickfords, Allied Special Products, DJK
Residential, Global, northAmerican, northAmerican International, SIRVA
Mortgage, SIRVA Relocation, SIRVA Move Management, SIRVA Global Relocation
Inc. and SIRVA Settlement.
Amanda Stewart, GyroHSR for SIRVA, +1-312-805-3723, amanda.stewart at gyrohsr.com
Tags: Chicago, China, Illinois, January 4, Sirva Inc.