France-based electrical distributor Sonepar recently announced it has acquired four companies in Asia, adding a total of $28 million in sales, along with 67 associates. The additions reinforce Sonepar's poisition in the Hong Kong and Macau markets, as well as its Oil & Gas presence in Southeast Asia.
Sonepar's Hong Kong business unit, Supermoon, has entered into a partnership with Hiptung Cables, a specialized power cables distributor operating in Hong Kong and Macau with sales of more than $13.4 million in 2013. Supermoon also adds Min Kwong Electric, one of the oldest local electrical wholesalers in Hong Kong, with sales of $3.65 million in 2013.
Sonepar's Singapore business arm, Oakwell, also added two companies. In Singapore, Dilon joines Oakwell effective Dec. 31. Dilon is a Singaporean specialized distributor of fasteners and machine components for the oil and gas and marine industries, with annual sales of $3.65 million. In Thailand, a joint venture between ETS Engineering, ETS Provider, and Oakwell has created ETS-Oakwell, a new company based in Bankok. ETS-Oakwell officially joined Oakwell on Monday, with sales of more than $7.3 million.
Sonepar is an independent family-owned company with global market leadership in B2B distribution of electrical products and related services. Founded in 1969, Sonepar employs 36,000 associates at more than 190 entities in 41 countries. Thanks to continuous growth, the company posted sales of $19.8 billion in 2013.