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Distribution Solutions Group’s Operating Company, Gexpro Services, Enters into Agreement for Small, Highly Strategic Acquisition
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2024-11-14
Distribution Solutions Group, Inc. (DSG), a specialty distribution company, announced that its operating company Gexpro Services signed an agreement to acquire Tech-Component Resources Pte Ltd (TCR), a small and growing Southeast Asian distributor of fasteners, mechanical components, and other industrial products serving OEM customers and related applications. TCR is headquartered in Singapore, and its second location is in Malaysia.
“We are excited to partner with TCR to establish an operation for Gexpro Services in Southeast Asia,” said Robert Connors, Chief Executive Officer of Gexpro Services. “This highly strategic acquisition allows Gexpro Services to expand our geographic footprint and pull through products and service capabilities to serve existing customers and continue to grow market share. In addition to better serving existing customers, we have identified new target customers and verticals to expand throughout Southeast Asia. Increasing our market potential with products and service offerings in these regions extends opportunities in critical end markets, including technology, semiconductor, industrial, and manufacturing. We believe that Gexpro Services is well positioned to expand TCR's products and service capabilities for a broader and more diversified selection of offerings, creating a superior customer value proposition.”
“We are thrilled to join Gexpro Services and DSG to accelerate our growth opportunities,” said Koh Kee Hun, General Manager of TCR. “TCR customers, suppliers, and employees will benefit from partnering with Gexpro Services and its industry-leading global supply chain solutions. We look forward to having access to Gexpro Services’ unique capabilities and expanding our available product and service offering and geographic reach into a broader distribution network.”
Bryan King, CEO and Chairman of the Board of DSG added, “We’re excited to partner with TCR and Koh Kee Hun to have a much stronger foothold in the semiconductor and other global manufacturing industries.”
Distribution Solutions Group
Gexpro Services
Tech-Component Resources Pte Ltd (TCR)
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經銷商
扣件
機械部件
東南亞
新加坡
半導體
製造
acquisition
distributor
fastener
mechanical component
Southeast
Singapore
semiconductor
manufacturing
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