EAC Towards Fragmentation

The two divisions of EAC, Plumrose and Santa Fe, are to be developed into independent and autonomous entities.

On Saturday, March 24, EAC shareholders will be presented with an aggressive growth strategy and plan for the longer term calls for a genuine division of EAC into two independent business areas, according to a detailed news report carried by the Danish daily Borsen.

EAC initiated an “accelerated geographic expansion” last year, with the acquisition of Australian Wridgways to its moving service business of Santa Fe. It doubled its turnover and further acquisitions in the coming months are expected to make Santa Fe a provider operating in both Europe and Asia as a one-stop provider of relocation services.

Established in 1980, Santa Fe has expanded throughout Asia and is now considered one of Asia’s leading Relocation Services Providers.

As part of its Corporate Citizenship program Santa Fe is active in a variety of community events and charitable organizations. Santa Fe contributes to the Johns Hopkins Singapore Research Fund, which focuses on the research and treatment of Breast cancer in Asian Women. Each relocation handled by Santa Fe will generate a monetary contribution for this fund.

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