DKSH

{{Short description|Swiss holding company}}

{{COI|date=July 2015}}

{{Infobox company

| name = DKSH Holding Ltd.

| logo = DKSH_DiethelmKellerSiberHegner_Logo.svg

| logo_size = 220px

| type = Public

| traded_as = {{SWX|DKSH}}

| industry = Market Expansion Services

| foundation = August 1, 1861[https://www.dksh.com/global-en/home/about-us/what-we-do/dksh-group DKSH history at a glance]

| founder = Wilhelm Heinrich Diethelm, Eduard Anton Keller, Hermann Siber, Robert Hegner

| location = Zurich, Switzerland

| locations = 147 distribution centers and 58 innovation centers in 36 markets{{cite web |title=Our locations |url=https://www.dksh.com/global-en/home/about-us/what-we-do/locations |publisher=DKSH |access-date=20 February 2025}}

| key_people = Stefan Butz{{cite web |title=Board of Directors |url=https://www.dksh.com/global-en/home/about-us/who-we-are/board-of-directors |publisher=DKSH |access-date=20 February 2025}}
CEO
Marco Gadola
Chairman

| revenue = {{increase}} CHF 11.1 billion (2024){{cite web |title=Annual Report 2024 |url=https://www.dksh.com/global-en/home/investors/results-and-publications |publisher=DKSH |access-date=20 February 2025}}

| operating_income = {{increase}} CHF 343.1 million (2024)

| net_income = {{increase}} CHF 220.9 million (2024)

| num_employees = 28,060 (2024)

| homepage = {{url|dksh.com}}

| footnotes =

}}

DKSH, also known as DiethelmKellerSiberHegner, is a Swiss holding company specialising in market expansion services, e.g. outsourcing.{{cite web |title=Market Expansion Services: Taking Outsourcing to a New Dimension |url=https://www.medsc.org/pdfs/DKSH-RB-MES-Report-2011-Taking-outsourcing-to-a-new-dimension.pdf |archive-url=https://web.archive.org/web/20200702122705/https://www.medsc.org/pdfs/DKSH-RB-MES-Report-2011-Taking-outsourcing-to-a-new-dimension.pdf |url-status=usurped |archive-date=July 2, 2020 |publisher=DKSH and Roland Berger GmbH |accessdate=2 July 2020 |date=October 2011}} Although its headquarters is in Zurich, DKSH is deeply rooted in communities all across the Asia Pacific region.{{cite news |title=DKSH relocates global finance centre to S'pore |author=Nisha Ramchandani |url=http://www.asiaone.com/Business/News/Story/A1Story20100325-206746.html |newspaper=The Business Times |location=Singapore |date=March 27, 2010 |accessdate=January 13, 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20101108143053/http://www.asiaone.com/Business/News/Story/A1Story20100325-206746.html |archivedate=November 8, 2010 }}

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 businesses in new or existing markets.{{cite web|url=http://www.infogrok.com/index.php/company-profiles/transport/contract-logistics/dksh-holding-ltd.html |title=DKSH Holding Ltd. |year=2010 |publisher=InfoGrok Transport |accessdate=January 13, 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20110713044126/http://www.infogrok.com/index.php/company-profiles/transport/contract-logistics/dksh-holding-ltd.html |archivedate=July 13, 2011 }}

With 147 distribution centers and 58 innovation centers across 36 markets, as well as 28,060 specialized staff, it is one of the top 30 Swiss companies ranked by sales and number of employees. In 2024, DKSH generated annual net sales of CHF 11.1 billion.

Organizational background

The company has its origin in the activities of three Swiss entrepreneurs who sailed east to Asia in the August 1, 1861. Independently and within a few years of each other, Hermann Siber set off for the Japanese port of Yokohama, Wilhelm Heinrich Diethelm for Singapore, and Eduard Anton Keller for the Philippines.

As the oldest of the original companies, 'Siber & Brennwald' was founded in Yokohama in 1865.

'Siber & Brennwald' was one of the first European companies to be established in Japan, just a few months after the establishment of the "Treaty of Amity and Trade" between the two nations on February 6, 1864. In 1919, Siber & Brennwald became Siber Henger & Co after Robert Henger became a partner.[https://www.jetro.go.jp/switzerland/relations/ Treaty of Amity and Trade (Switzerland-Japan), officially signed in 1864]

In 1868, Eduard Anton Keller joined C. Lutz & Co., which was founded in Manila in 1866, and renamed this existing enterprise Ed. A. Keller & Co. after he acquired it a year later in 1887.

In a similar manner, in 1871 Wilhelm Heinrich Diethelm joined Hooglandt & Co., established in 1860 in Singapore. Sixteen years later, in 1887, he acquired this company and renamed it Diethelm & Co. Ltd.{{cite web |url=http://www.singapedia.com.sg/entries/d/diethelm.html |title=Diethelm |year=2011 |publisher=Singapedia |accessdate=January 13, 2011 |archive-url=https://web.archive.org/web/20110726122619/http://www.singapedia.com.sg/entries/d/diethelm.html |archive-date=July 26, 2011 |url-status=dead }}

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

Established in September 20, 1906, on the banks of Chao Phraya River, today the company is one of Thailand's leading business organizations, with annual sales contributing more than 30% to Group Sales. DKSH Thailand has more than 7,000 employees and a comprehensive network of branches across Thailand.{{cite web |title=Welcome to DKSH Thailand |url=https://www.dksh.com/th-en/home |publisher=DKSH |access-date=5 March 2025}}

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.{{cite web |url=https://www.dksh.com/th-en/home/about-us |title=DKSH in Thailand |author= |year=2010|work=History|publisher=DKSH Thailand |accessdate=January 13, 2011}}

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.{{cite web|url=http://www.swissamba.ch/article.html?aid=379 |title=Zurich: CEO Luncheon with Joerg Wolle, DKSH |date=December 2, 2010 |publisher=The Swiss Association of MBAs |accessdate=January 13, 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20110707003347/http://www.swissamba.ch/article.html?aid=379 |archivedate=July 7, 2011 }} DKSH went public in March 2012 on the SIX Swiss Exchange.{{cite web | url=http://www.ft.com/intl/cms/s/0/be6892ea-7265-11e1-9c23-00144feab49a.html#axzz1rjlt8Rnp | title=DKSH gains on first day of Zurich trading |date=March 20, 2012 |publisher=Financial Times |accessdate=10 April 2012}}

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.{{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2016-09-29:1081.359.digest | title=DKSH Holding Ltd. decides on personnel changes in 2017 |date=July 19, 2016}}

In October 2017, DKSH acquired 60 percent of shares in PT Wicaksana which provided the basis for DKSH’s market entry in Indonesia for Business Units Consumer Goods and Healthcare. {{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2017-10-30:1081.675.digest | title=Media Release DKSH, October 30, 2017}}

In October 2018, DKSH announced that in March 2019 Wolle would be resigning his position as Chairman after two years.{{Cite news|url=https://www.nzz.ch/wirtschaft/joerg-wolle-tritt-2019-als-dksh-praesident-zurueck-ld.1429494 | title=Jörg Wolle tritt 2019 als DKSH-Präsident zurück {{!}} NZZ|last=Enz|first=Werner|date=2018-10-19|work=Neue Zürcher Zeitung|access-date=2018-12-16|language=de-CH|issn=0376-6829}} Adrian T. Keller became Chairman instead of Wolle.

In addition to organic growth, DKSH pursues a strategy to grow through M&A. Among the most important acquisitions of the last years are Terra Firma (2022), a leading North American specialty chemicals distributor,{{cite web |title=DKSH Performance Materials Acquires Specialty Chemical Distributor |url=https://www.pcimag.com/articles/110611-dksh-performance-materials-acquires-terra-firma |publisher=PCI Magazine |access-date=5 March 2025}} and Auric Pacific’s distribution business in Malaysia and Singapore (2019).{{cite web |title=DKSH buys Singapore FMCG distributor for RM480.91m |url=https://theedgemalaysia.com/article/dksh-buys-singapore-fmcg-distributor-rm48091m |publisher=The Edge Malaysia |access-date=5 March 2025}}

With several acquisitions in Australia and New Zealand between 2018 and 2020, DKSH has strengthened both the services' portfolio and its geographical market coverage in the Pacific region. Amongst others, DKSH acquired Davies Foods,{{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2018-06-29:1081.882.digest | title=Media Release DKSH, June 29, 2018}} consumer goods distributor CTD,{{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2019-07-01:1081.1064.digest | title=Media Release DKSH, July 1, 2019}} field marketing provider Crossmark,{{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2020-02-27:1081.1147.digest | title=Media Release DKSH, February 27, 2020}} and speciality chemicals distributor Axieo.{{cite web | url=https://www.dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2020-02-28:1081.1149.digest | title=Media Release DKSH, February 28, 2020}}

In May 2020, Marco Gadola was elected as the new Chairman of the DKSH Board of Directors, succeeding Adrian T. Keller.{{cite web | url=https://www.dksh.com/ch-en/home/media/news?id=tag:xml.newsbox.ch,2020-05-13:1081.1165.digest | title=DKSH Ordinary General Meeting and business update}}

References

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