Paris-based Sonepar, distributor of electrical equipment solutions and services, has sold Vallen Asia in a management buy out (MBO) to the Asian leadership team.
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With revenues around €90 million in 2023, Vallen Asia has 244 associates and assets across Singapore, Thailand, Malaysia and China. Vallen Asia joined the Sonepar Group as part of the Hagemeyer acquisition in 2008.
To support the Vallen Asia team, Sonepar will remain a minority shareholder for the next five years.
“This strategic decision allows Sonepar to sharpen its focus on its core strengths and invest more deeply in areas where we see the greatest potential for growth. We are confident that this move will not only benefit our organization, but also provide Vallen Asia and its associates with the opportunity to thrive under new ownership,” said Jean-Cyrille Verspieren, APAC President for Sonepar.
In 2023, Sonepar had sales of €33.3 billion in 40 countries.
