Hashtag

Jebsen & Jessen Group Announces Acquisition of Mongolia-based MSM Group

This strategic acquisition will enhance geographic expansion and strengthen distribution capabilities and networks.

SINGAPORE - Media OutReach Newswire - 2 September 2024 - Diversified industrial conglomerate Jebsen & Jessen Group today announces the acquisition of MSM Group, a Mongolia-based company headquartered in Ulaanbaatar, thereby establishing a market leading position in the fast growing market of Mongolia.

Per Magnusson, CEO of Jebsen & Jessen Group and Mark Gabel, CEO of MSM Group.
Per Magnusson, CEO of Jebsen & Jessen Group and Mark Gabel, CEO of MSM Group.

As one of the leading conglomerates in Mongolia, MSM Group spans multiple sectors including industrial equipment, chemical, automotive, beverage and agricultural equipment distribution. Since 1998, MSM Group has been playing a pivotal role in introducing premium international brands to the Mongolian market, and remains the sole distributor and partner for more than 50 of these brands in the country today. With over 650 employees, MSM Group operates showrooms, workshops, warehousing facilities and sales outlets in the central area of the capital city Ulaanbaatar, as well as South Gobi and other areas of Mongolia.

This acquisition brings together the technological know-how and strength of two family businesses serving complementary markets. Jebsen & Jessen Group has had a long-standing relationship with MSM Group, with MSM Group serving as a distributor of Jebsen & Jessen Group's industrial products in Mongolia for over a decade.

Expanded market reach and capabilities

MSM Group is Jebsen & Jessen Group's third acquisition in six months following that of GMA Garnet and Safetech, and marks its further expansion into new markets beyond its stronghold in South East Asia this year. With the entry into Mongolia, Jebsen & Jessen Group is poised to extend its reach and capitalise on new opportunities in a rapidly growing market.

"We are delighted to be welcoming MSM Group as part of the Jebsen & Jessen family. The acquisition is a strategic move that aligns with the goal of expanding our global footprint, and enhancing our industrial and distribution capabilities," said Jebsen & Jessen Group CEO Per Magnusson. "MSM Group's leading market position in Mongolia, its strong management team and workforce, and its diverse businesses will be a valuable addition to our portfolio. We will benefit from the synergies that we can now leverage across these activities."

Synergies for growth

For MSM Group, this acquisition facilitates access to the extensive resources and expertise of Jebsen & Jessen Group, offering new avenues for growth and development. Further, the history of the two family businesses with a shared commitment to long-term growth and community impact makes this an attractive union. The alignment of common values — rooted in trust, heritage and a deep understanding of the markets — creates a strong foundation for a successful, sustainable partnership.

MSM Group will become the seventh business unit within Jebsen & Jessen Group. The founders of MSM Group, Laurenz Melchers and David Reiner, will remain minority shareholders alongside CEO Mark Gabel. MSM Group will continue to operate under its current company name and leadership, and maintain its commercial presence with all operations and business proceeding as usual.

"Having known Heinrich Jessen, Chairman of Jebsen & Jessen Group for many years, both in a professional and personal capacity, both David and I are assured that this is the right step and Jebsen & Jessen Group is the perfect partner to entrust the future of MSM Group and its employees for the many years to come," said Chairman of MSM Group Laurenz Melchers.

"MSM Group has enjoyed strong growth over several decades to become the market leading company it is today. Joining Jebsen & Jessen Group provides us with the potential to scale our operations to levels we have never achieved before. These are exciting times for our teams and the brands we represent," said MSM Group CEO Mark Gabel.
Hashtag: #Jebsen&JessenGroup

The issuer is solely responsible for the content of this announcement.

Jebsen & Jessen Group

Part of a global family enterprise that dates back to a trading partnership formed in Hong Kong in 1895, Jebsen & Jessen Group headquartered in Singapore is today an industrial conglomerate with a diverse network of businesses spanning manufacturing, engineering, mining and distribution activities. Core businesses include cable technology, garnet, ingredients, life sciences, packaging and other industrial technology, across more than 15 countries in five continents. Over 4,000 colleagues work as one to develop meaningful products and services for the myriad customers served.

For more information, visit .

Business News

Kenanga Investment Bank Highlights Collective Efforts Against Fraud in its 8th Annual Fraud Awareness Week

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 November 2024 - Kenanga Investment Bank Berhad ("Kenanga" or "The Group") presents its eighth annual Fraud Awareness Week ("FAW"), highlighting i...

Hashtag.net.au - avatar Hashtag.net.au

The Establishment Agreement of the International Mangrove Center was signed in Shenzhen, China

SHENZHEN, CHINA - Media OutReach Newswire - 18 November 2024 - On November 6, 2024, the Establishment Agreement of the International Mangrove Center was officially signed in Shenzhen, Guangdong. Repr...

Hashtag.net.au - avatar Hashtag.net.au

Generali Hong Kong Assigned ‘A’ Rating with ‘Stable’ Outlook by Fitch Ratings

HONG KONG SAR - Media OutReach Newswire - 20 November 2024 - Generali Life (Hong Kong) Limited ("Generali Hong Kong") has been assigned an Insurer Financial Strength (IFS) Rating of 'A' (Strong) by F...

Hashtag.net.au - avatar Hashtag.net.au

Jiangxi's Preservation of Ancient Streets and Villages Sparks a Surge in Cultural Tourism

NANCHANG, CHINA - Media OutReach Newswire - 20 November 2024 - On November 20th, the dance drama "Tian Gong Kai Wu," based on the legendary life of Jiangxi-born scientist Song Yingxing from the Ming ...

Hashtag.net.au - avatar Hashtag.net.au

CGTN: China to inject vitality into fair, equitable global governance system

BEIJING, CHINA - Media OutReach Newswire - 20 November 2024 - Nestled on the Red Sea coast of northwest Saudi Arabia, Neom, a brand-new metropolis, has reached a major milestone in its journey toward...

Hashtag.net.au - avatar Hashtag.net.au

China's "Hainan Fresh Produce": Sweet Fruits 18°N Gaining Global Popularity

HAIKOU, CHINA - Media OutReach Newswire - 20 November 2024 - The northern hemisphere transitions into winter in November. In the southern end of Hainan Free Trade Port in China, Sanya City and Ledong...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

How to Maintain Your Oral Health During Stressful Times

Hashtag.net.au - avatar Hashtag.net.au

Life can be a bit like an Australian outback road—full of twists, turns, and the occasional bump. During these hectic, stressful times, it’s all too easy to let your oral health fall by the wayside...

The impact of visual art on mental health and productivity

Hashtag.net.au - avatar Hashtag.net.au

In a world where stress and anxiety often take center stage, the presence of visual art in our daily environments offers a quiet yet profound counterbalance. Posters and paintings are not just decor...

Understanding the Environmental and Health Impacts of Waste Disposal: Essential Insights

Hashtag.net.au - avatar Hashtag.net.au

🌎♻️Explore the health & environmental impacts of waste disposal. Dive into essential insights💡for a sustainable future! #WasteManagement #Health🌿🌍 Waste disposal is an inevitable aspect of mode...

The Role of a Child Psychologist: Helping Kids Navigate Emotional Challenges

Hashtag.net.au - avatar Hashtag.net.au

Child psychologists play an important role in aiding children to overcome behavioral and emotional challenges. The experts will easily identify the developmental stage and emotional needs of the chi...

Tomorrow Business Growth