Singapore, September 2019 – Arteco keeps pursuing its global expansion strategy and, after the USA, South Africa and Mexico (whose opening has been announced in July – see bit.ly/2lUUyDm), is now aiming at Southeast Asia signing the representation agreement with YEM International for the management of the export activities in the Asia Pacific Area.
“It is a wise and far-sighted choice”, affirms Giampaolo Sabbatani, CEO of Arteco Global. “Let’s look at the recent records of the APAC area: in 2018, security market in that region registered revenue of $26.3 billion in 2018, and is expected to register a CAGR of 14.3% during 2019-2024, when it is expected to hit $57.9 billion”. The big economic powers are pushing this growth of the sector with infrastructural projects (India alone is going to build 100 airports) and a strong focus on the development of smart cities.
“The future is bright, despite the strong competition we will have to face” underlines Mario Ali, Regional Sales Director for Critical Infrastructure Protection & Video Analytics of YEM, that from the branch in Singapore will deal with Arteco export in the region. “We all know the giants of the industry, but VMS is the widest battle field, where quality makes the difference”.
Despite the biggest competitors of the western tech companies are exactly from the APAC area, the extensive Asian markets have room for companies that can leverage their quality to create fruitful business opportunities. For this reason, Arteco chose YEM International, the company guided by Franco Pesci, to make a further step on the path of the international expansion.