Singapore-based logistics and international relocation service provider Moovaz said Thursday it has entered an agreement with media group Singapore Press Holdings (SPH) to acquire its expat publication, The Finder.
The acquisition, which was completed in May, will add content and community-building to its service, Moovaz said in a statement.
Moovaz announced the closing of its $7-million Series A round in April led by Quest Ventures.
As part of the acquisition, Moovaz will take over the running of The Finder’s assets including its quarterly print and digital magazines, The Finder Kids supplements, web content, social media content in Singapore and Malaysia, it said in a statement.
And, Singapore Exchange Mainboard-listed SPH will become a shareholder of Moovaz.
“Global locals are a community of people with freedom imbued within their souls. What struck us the most about The Finder is how authentically its brand and content has resonated with this community for the past quarter of a century,” said Moovaz co-founder and CEO Lee Junxian.
The Finder is a free quarterly magazine aimed at helping expats and Singaporeans live well in Singapore. At 27 years, it is the longest-running publication for expatriates in Singapore.