Acclime, the premier corporate services provider in Asia, announced that it has completed the acquisition of BSE Accounting Co Ltd (BSE) in Cambodia, with the firm soon to be rebranded to operate as Acclime Cambodia.
Acclime helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in Asia.
With this acquisition, Acclime now has a presence across eight jurisdictions in Asia: Cambodia, China, Hong Kong, Indonesia, Malaysia, Singapore, Thailand and Vietnam, with around 300 professional staff.
This acquisition extends Acclime’s capability to Cambodia. As a regional consulting and advisory firm, BSE serves a wide variety of local and international clients from industries as diverse as manufacturing, hotels and restaurants, import and export and retail.
The firm offers a full range of services, including business management, market-entry advisory, human resources, tax planning, accounting and outsourced bookkeeping and payroll.
Martin Crawford, co-founder and chief executive officer of Acclime said: “It is a major milestone for Acclime to establish a presence in Cambodia, one of the most exciting emerging markets in Asia. The country has an open foreign investment policy and with the introduction of new investment laws. It will certainly attract more foreign direct investment.”
Along with San Rithy, managing director of BSE, the team of 50 professionals at BSE will join the Acclime family.
Hugh Darwell, director of business development, said: “We are delighted to be entering the Cambodian market through the acquisition of BSE. The skills of the BSE team here give us a base on which to grow our client base both in the domestic market and with foreign companies looking to invest in Cambodia.
“We will be one of the top corporate services providers in Cambodia with a mission to take care of the myriad of administrative tasks under Cambodian law for our clients, allowing them to focus on growing their business. We will also be providing market entry advice, which is vital for new companies entering an exciting emerging market such as Cambodia,” he said.