Distribution Solutions Group’s operating company, Gexpro Services, has agreed to acquire Tech-Component Resources Pte Ltd (“TCR”), a Southeast Asian distributor of fasteners, mechanical components, and other industrial products. Financial terms were not disclosed.
Founded in 2004, Singapore-based TCR distributes fasteners, mechanical components, and other industrial products for manufacturing sectors serving the telecommunication, electronics, automotive, medical and construction industries. The company, which is led by GM Koh Kee Hun, operates a second facility in Malaysia. Web: tc-resources.com
“We are excited to partner with TCR to establish a beachhead operation for Gexpro Services in Southeast Asia,” stated Gexpro CEO Robert Connors. “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, Gexpro has identified new target customers and verticals to expand throughout Southeast Asia, extending opportunities in such critical end markets as technology, semiconductor, industrial, and manufacturing.
The deal is expected to close in the final quarter of 2024.
Fort Worth, TX-based DSG distributes fasteners and other products to the MROs and OEMs in the industrial technologies markets. DSG was formed in 2022 through the combination of Lawson Products, Gexpro Services, a global supply chain services provider to manufacturing customers, and electronic test & measurement solutions provider TestEquity.
DSG serves 190,000 customers supported by 4,300 employees. DSG ships to customers in North America, Europe, Asia, South America and the Middle East. Web: distributionsolutionsgroup.com
