Dubai firm acquired Singapore's Design Studio for $80 million

Dubai-based firm Depa has announced acquiring a Singapore-based interiors specialist Design Studio for $80 million.

Design Studio Furniture Manufacturer is a Singapore-based product and fit-out interiors specialist company, active principally in Southeast Asian markets. It is a Singapore incorporated public company. Over the past three financial years, Design Studio has recorded a compounded annual growth rate (CAGR) of 22.1%, 35% and 70.3% for its revenue, gross profit and net profit after tax respectively.

Their full press release follows