The Ayala group, the holding company for one of the oldest and largest business groups in the Philippines, has announced that it has launched a search for digitally-based companies to take over.

Affinity Express Holdings Ltd, a business which Alfredo I Ayala himself heavily invests in, is hoping to acquire a company based oversees this year. Mr Ayala said he was on the look out for 'anything that can accelerate [Affinity's] digital transformation' and that his company was looking for 'inorganic opportunities'.

Affinity Express specialise in digital and print marketing production, as well as media solutions, on behalf of SMEs. The company recently made the transition from being primarily print to digital, hence the search for digital acquisitions.

For weekly news updates, subscribe to our email newsletter.

Read this next: Over A Quarter of the Government’s Procurement Budget Spent with SMEs