Davos, Switzerland (CNN Business) British entrepreneur James Dyson was a prominent supporter of Brexit. Now, he's moving his company to Singapore.

Dyson, which makes high-end appliances like vacuums and hair dryers and is working on an electric car, announced Tuesday that it will relocate its headquarters from the United Kingdom to Singapore to be closer to its customers and manufacturing base.

"This shift has been occurring for some time and will quicken as Dyson brings its electric vehicle to market," the company said in a statement.

Dyson denied the move had anything to do with Brexit.

"We have been talking about our pivot to Asia for some time," CEO Jim Rowan said in a statement.

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