DKSH

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DKSH Holding Ltd.
Public
Traded asSIXDKSH
IndustryMarket Expansion Services
Founded1860s[1]
FounderWilhelm Heinrich Diethelm, Eduard Anton Keller, Hermann Siber Hegner
HeadquartersZurich, Switzerland
Number of locations
825 business locations in 35 countries[2]
Key people
Stefan Butz[3]
CEO
Adrian T. Keller[4]
Chairman
RevenueIncrease CHF 11.3 billion (2018)[5]
Decrease CHF 263.6 million (2018)[5]
Increase CHF 260.3 million (2018)[5]
Number of employees
32,996 (2018)[5]
Websitedksh.com

DKSH also known as DiethelmKellerSiberHegner is a Swiss Market Expansion Services Group. Although its headquarters is in Zurich, DKSH is deeply rooted in communities all across Asia Pacific.[6]

The company offers any combination of sourcing, marketing, sales, distribution and after-sales-services and is organized into four Business Units: Consumer Goods (including the Business Segment Luxury & Lifestyle), Healthcare, Performance Materials and Technology. Its core business is supporting other companies to grow their business in new or existing markets.[7]

With 825 business locations in 35 countries and 33,000 specialized staff, it is one of the top 30 Swiss companies ranked by sales and employees. In 2018, DKSH generated annual net sales of CHF 11 billion.[5]

Organizational background[edit]

The company has its origin in the activities of three Swiss entrepreneurs who sailed in the 1860s east to Asia. Independently and within a few years of each other, Wilhelm Heinrich Diethelm set off for Singapore, Eduard Anton Keller for the Philippines, and Hermann Siber for Yokohama.

As the oldest of the original companies, Siber & Brennwald was founded in 1865. Eduard Anton Keller joined in 1868 C. Lutz & Co., which was founded 1866 in Manila, and renamed this enterprise into Ed. A. Keller & Co. after the acquisition in the year 1887. In a similar manner, Wilhelm Heinrich Diethelm joined in 1871 Hooglandt & Co., Singapore, established in 1860, acquired the company in 1887 and founded Diethelm & Co. Ltd. in Singapore.[8]

The three companies expanded their business primarily in Asia. Although the European market played a subsidiary role, each headquarters was situated in Switzerland, which illustrates the intensive contact to the home country.

Established in 1906 on the banks of Chao Phraya River, today the company is one of Thailand's leading business organizations, with annual sales of THB 119 billion in 2015. DKSH Thailand has close to 11,000 employees and a comprehensive network of branches across Thailand.[9] It generates more than a third of overall revenues for DKSH.

In 1931 Diethelm & Co., Ltd. was granted permission by Royal Warrant to display the royal Garuda emblem, the official seal of the Royal Household of Thailand.[10]

Even though the two families Diethelm and Keller always had a close-knit business and private relationship the two companies finally merged during the 2000 summer into Diethelm Keller Holding. Two years later, in 2002, Siber Hegner joined as well and this resulted in establishing DKSH.[10][11] DKSH went public in March 2012 on the SIX Swiss Exchange.[12]

In 2015, the company celebrated its 150th anniversary.

In March 2017 Stefan P. Butz became DKSH's new CEO, with former CEO, Dr. Joerg Wolle, replacing Adrian T. Keller as Chairman of the Board of Directors.[13]

In October 2018, DKSH announced that in March 2019 Wolle would be resigning his position as Chairman after just two years.[14] Adrian T. Keller became Chairman instead of Wolle.[4]

In order to strengthen the Consumer Goods Business Unit, the corresponding business of Auric Pacific in Malaysia and Singapore was acquired for CHF 160 million on April 1, 2019. Revenue of the acquired business is approx. CHF 185 million. This represents the most important acquisition by DKSH since 2002.[15]

References[edit]

  1. ^ DKSH history at a glance
  2. ^ DKSH Locations. Retrieved March 21, 2019
  3. ^ DKSH Executive Board
  4. ^ a b DKSH Annual General Meeting 2019
  5. ^ a b c d e "Annual Report". DKSH. 2018. Retrieved March 21, 2019.
  6. ^ Nisha Ramchandani (March 27, 2010). "DKSH relocates global finance centre to S'pore". The Business Times. Singapore. Archived from the original on November 8, 2010. Retrieved January 13, 2011.
  7. ^ "DKSH Holding Ltd". InfoGrok Transport. 2010. Archived from the original on July 13, 2011. Retrieved January 13, 2011.
  8. ^ "Diethelm". Singapedia. 2011. Archived from the original on July 26, 2011. Retrieved January 13, 2011.
  9. ^ Facts-and-figures for DKSH Thailand
  10. ^ a b "DKSH in Thailand". History. DKSH Thailand. 2010. Retrieved January 13, 2011.
  11. ^ "Zurich: CEO Luncheon with Joerg Wolle, DKSH". The Swiss Association of MBAs. December 2, 2010. Archived from the original on July 7, 2011. Retrieved January 13, 2011.
  12. ^ "DKSH gains on first day of Zurich trading". Financial Times. March 20, 2012. Retrieved April 10, 2012.
  13. ^ "News". dksh.com. Retrieved 2018-01-22.
  14. ^ Enz, Werner (2018-10-19). "Jörg Wolle tritt 2019 als DKSH-Präsident zurück | NZZ". Neue Zürcher Zeitung (in German). ISSN 0376-6829. Retrieved 2018-12-16.
  15. ^ DKSH successfully closes acquisition of Auric Pacific’s distribution business. Media Release DKSH, March 29, 2019. Retrieved March 30, 2019

External links[edit]