Tarsus Expands Southeast Asian Portfolio with Cambodia, Myanmar-based Shows
July 6, 2015
Adding to its expanding portfolio in Southeast Asia, U.K.-based Tarsus Group acquired 50 percent of the AMB Group via a joint venture vehicle - AMB Tarsus Exhibitions Sdn. Bhd. - from Andrew Siow and Richard Yew.
“AMBT is an excellent strategic acquisition and allows Tarsus to build scale in South East Asia with an entrepreneurial partner,” said Tarsus Group Managing Director Douglas Emslie.
He added, “Many of the ASEAN economies are growing strongly and the AMBT joint venture will offer us first-mover advantage in some key sectors in these exciting markets.”
Established in 1996, the AMB Group is a major Southeast Asian exhibition organizer, with a significant presence in Myanmar and Cambodia and a growing business in the region.
The company has built up a portfolio of market leading exhibitions and conferences in some of Tarsus’ key strategic sectors with the largest focused on building, infrastructure, automotive and food processing.
AMB Group’s shows in Myanmar and Cambodia include MyanFood and Cambuild, respectively.
The acquisition adds to Tarsus’ existing assets in the region, such as Indonesia - PT Infrastructure Asia and the replication of two Tarsus brands, GESS Indonesia and Table and Home Indonesia.
Tarsus intends to scale up AMBT’s existing events and launch new exhibitions in its existing markets, according to company officials.
As part of its accelerated replication program Tarsus also expects to be able to introduce a number of its leading brands into AMBT’s markets of Malaysia, Myanmar and Cambodia. Tarsus also will assist AMBT to access Indonesia by utilizing the Group’s existing infrastructure in that market.
Andrew Siow and Richard Yew, who have 30 years’ experience in the trade show industry, will continue to manage the business.
“I have known Andrew Siow for over 20 years and he and Richard have an excellent track record in launching and developing events in the region,” Emslie said.
He added, “Their expertise will add significant strength and depth to the Group’s operations in South East Asia. We expect there to be compelling opportunities to replicate Tarsus’ leading brands into AMBT’s geographic footprint.”
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
Add new comment