Ticketek owner TEG buys the #1 ticketing company in Malaysia

TEG, owner of Ticketek and a suite of live events assets, has acquired the #1 ticketing company in Malaysia, TicketCharge.

With offices in Kuala Lumpur and Penang, the acquisition will see TEG establish a new Asian division based in Singapore. The office will provide ticketing services as well as deliver live content throughout Asia.

The acquisition precedes a soon to be announced partnership in Asia involving TEG’s global ticketing software licensing business Softix.

TEG CEO Geoff Jones said: “TEG is the largest diversified entertainment company in Asia Pacific and we have a track record and accumulated expertise in the entertainment industry.

“We see huge opportunities in many offshore markets and our strategy puts us on course to becoming a truly international promoter and service producer.”

Last July TEG purchased the touring business controlled by veteran promoter Paul Dainty, rebranding the Dainty business to TEG-Dainty. It marked TEG’s most significant transaction since it was bought by Affinity Equity Partners from Nine Entertainment Co in April 2015.

This article originally appeared on The Industry Observer, which is now part of The Music Network.