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

China Wantian Holdings was awarded the "2024 Hong Kong International ESG Award"

HONG KONG SAR – Media OutReach Newswire - 6 November 2024 - At the "2024 Hong Kong International ESG Awards Ceremony" held today at the Island Shangri-La Hotel, China Wantian Holdings Limited (Stock C...

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

YF Life Shines at Hong Kong FinTech Week 2024

Exchange views with industry leaders on the evolution of FinTech HONG KONG SAR - Media OutReach Newswire - 30 October 2024 - The main conference & expo of the Hong Kong FinTech Week 2024, one of ...

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

Novo Nordisk Pharma (Thailand) Ltd. Clinches Triple Triumph at Asia Pacific Enterprise Awards 2023 Thailand

SINGAPORE - Media OutReach Newswire - 22 December 2023 - Novo Nordisk Pharma (Thailand) Ltd. has emerged triumphant by securing three prestigious accolades at the Asia Pacific Enterprise Awards (APEA...

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

Kumwell Corporation Public Company Limited and CEO Boonsak Kiatjaroonlert’s Double Triumphs at the Asia Pacific Enterprise Awards 2023 Thailand

SINGAPORE - Media OutReach Newswire - 22 December 2023 - Local manufacturer and distributor Kumwell Corporation Public Company Limited (Kumwell) and its CEO, Boonsak Kiatjaroonlert, were honored with...

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

Mr. Clement Lin from NEXCOM bestowed with Master Entrepreneur Title at the Asia Pacific Enterprise Awards 2023 Taiwan

SINGAPORE - Media OutReach Newswire - 20 December 2023 - The Asia Pacific Enterprise Awards (APEA) 2023 is pleased to honor Taiwan's outstanding business leaders and enterprises who have played instr...

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

Cosdent and Managing Director Sansern Kiattivejsoonthorn Transform Thailand’s Dental Service Landscape, One Smile at a Time

SINGAPORE - Media OutReach Newswire - 20 December 2023 - Founded in 2014, Cosdent Dental Clinic (Cosdent) is a beacon of innovation in the dental sector with Managing Director Sansern Kiattivejsoonth...

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