Goldbell Group confirms BlueSG acquisition; deal valued at more than S$25m

VEHICLE leasing and distribution firm Goldbell Group confirmed on Friday that it is proposing to acquire electric car-sharing player BlueSG, with the deal to be completed by August this year.

In an exclusive interview, Goldbell chief executive Arthur Chua told The Business Times that the BlueSG acquisition will complement Goldbell's corporate leasing business while advancing the group's vision of becoming a leader in future mobility.

"We believe in the twin engines of disruptive growth - the yin and yang of venture investing and venture building," he said. "We have invested in mobility companies for the last six years, and have been building mobility companies over the last five years. We believe that once we create these ecosystems, we can repeatedly find S-curves of disruptive growth."