Distribution Solutions Group's Operating Company Gexpro Services Agrees To Acquire Singapore-Based Tech-Component Resources; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Distribution Solutions Group's subsidiary, Gexpro Services, plans to acquire Singapore-based Tech-Component Resources. The acquisition will be funded through existing cash and is expected to close in Q4 2024. It is not expected to materially impact DSG's financial results.
September 24, 2024 | 8:50 pm
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Distribution Solutions Group's Gexpro Services is acquiring Tech-Component Resources, a small distributor in Southeast Asia. The acquisition will be funded through existing cash and is not expected to materially impact DSG's financial results.
The acquisition of Tech-Component Resources by DSG's Gexpro Services is a strategic move to expand in Southeast Asia. However, the acquisition is not expected to materially impact DSG's financial results, indicating a neutral short-term impact on DSG's stock price.
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