Newsroom
Sonepar Divests Vallen Asia
Sonepar announces the sale of Vallen Asia, in the form of a Management Buy Out (MBO), to the Vallen Asia leadership team, consistent with the Group’s strategic decision to focus on its core business and ensure management continuity to the organization.
In 2023, Vallen Asia had revenues of around €90 million and employed 244 associates across Singapore, Thailand, Malaysia and China. Vallen Asia joined the Sonepar Group as part of the Hagemeyer acquisition in 2008. Since that time, Vallen Asia has continued to develop as the market leader in ‘Integrated Supply’ across Asia.
The transaction closed on December 13th, at which time Vallen Asia is deconsolidated from the Sonepar Group. However, in order to support the Vallen Asia team, Sonepar will remain as a committed minority shareholder for the next 5 years.
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