Rowsley to acquire AC Consortium in $8 mil all-share deal

SINGAPORE (May 24): Real estate and investment group Rowsley has agreed to pay up to $8 million in an all-share deal to acquire AC Consortium, an industrial design firm, via its wholly-owned subsidiary RSP Architects Planners & Engineers.

Incorporated in 1999, AC Consortium specialises in designing industrial buildings such as factories and warehouses. One Commonwealth, West Park BizCentral and Oxley BizHub are some of the projects among the company’s portfolio.

Rowsley will pay for the acquisition by issuing up to 115,654,024 new shares in two tranches to AC Consortium’s founders Grace Young Kok Inn and Tan Meow Hwa, who will both be staying on in the company post-acquisition.

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