"Australian investors are choosing to invest their money closer to home and back companies that directly participate in the Australian economy. Due to the complexities of running an international business headquartered in Hong Kong at a time of significant political unrest we took the decision to relocate our HQ to my home country," said Smartech president and CEO Vincent Nair.
Smartech already employs more than 135 staff in Australia, and plans to recruit more technology and sales specialists around the country.
The company operates in four broad markets: mailroom automation, software and managed services, hotel technology, and business systems relocation services.
"Smartech is a central partner in Australia and New Zealand representing the best and proven technology manufacturers in the world, including Quadient, HP, Epson, LG and Canon. We pride ourselves on delivering technology and service excellence on behalf of our global partners," said Nair.
According to the company, the relocation of Smartech's headquarters to Australia is in part due to the resilience of the Australian economy through the pandemic and also due to the immense growth opportunities identified in energy, resources, technology and food and beverages.
Customers in Asia have been assured that Hong Kong remains a mainstay of Smartech's Asian business.
Smartech is looking to acquire companies in the cybersecurity and big data analytics sectors, and to recruit additional resellers across the Oceanic region.
"The decision to acquire Quadient Oceania was a natural fit for our overall business model and came at a time when Australia was entering its first COVID lockdown," said Nair.
He added "It's a great privilege to be working with an international board of directors, including Texas based chairman David Moore and leading a company and that uses its technology and customer service expertise to deliver products and solutions that have a positive impact on companies and end-users alike.
"Our culture here is simple; we're here to serve and nurture our customers, help our employees grow and deliver value to our stakeholders."