Why Singapore firms are entering the German market, and how Enterprise Singapore is helping them

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 66%

Enterprise Singapore News

Manufacturing Sector,Europe,Germany

Enterprise Singapore, which champions internationalisation, said it has seen a spike in companies exploring opportunities in Europe post-pandemic.

Singapore-based Accuron Technologies expanded into Europe by acquiring a German firm that manufactures semiconductor equipment. Among these companies is Accuron Technologies, which expanded into Europe by acquiring a German firm that manufactures semiconductor equipment.

Another firm, Armstrong, which makes film and foam products that insulate noise, vibration and heat, built its brand in Germany. Many small- and medium-size enterprises in Germany, have faced challenges in growing due to the limited size and market size in Germany, and want to venture out, but they have limited opportunities, he said.

In 2021, the firm wanted to bring its artificial intelligence software out of Asia in 2021, and crack into the European market through Germany. EnterpriseSG appoints a network of partners to accelerate firms’ journeys by familiarising them with a market, helping them strategise and building connections, said its assistant managing director of innovation Emily Liew.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SBF plans initiative to help S’pore businesses benefit from cross-border trade, investmentThe move will be supported by the Ministry of Trade and Industry and Enterprise Singapore.
Source: The Straits Times - 🏆 8. / 63 Read more »