DeClout, based in Singapore, has completed the acquisition of 70% of Ascent Solutions, a business that specialises in IoT and blockchain solutions.
Ascent Solutions is an Internet of Things (IoT) smart connection company that offers digital solutions for smart city infrastructure as well as end-to-end visibility and information across the whole supply chain for both the public and commercial sectors.
Since its founding in 2010, the company has created iTrust, a blockchain and IoT solution for trade finance, and in January 2020, it established a real-time IoT monitoring solution to track in-transit petroleum shipments for the Ghana authorities.
DeClout is a Singapore-based firm that invests in, incubates, and expands businesses to become global or regional market leaders. Fast-growing trade technology business GUUD, ICT solutions provider Aeqon, green-tech service provider ARCO, neutral hosting solutions provider dhost, and the group’s corporate venturing arm DeClout Ventures are among the group’s enterprises.
DeClout is a wholly-owned subsidiary of Exeo Global, the regional headquarters of Exeo Group, which is listed on the New York Stock Exchange.
