DKSH grabs majority stake at eSweets

DKSH has recently acquired a majority stake at eSweets.  This move is part of the company’s efforts to boost its e-commerce activities in Asia. Shanghai-based eSweets is a fast-growing distributor of premium consumer goods in China. It focuses on e-commerce for brands in the premium segment such as Lindt, Storck, Bahlsen, Barilla, Illy Coffee or the popular De Fei Si chocolate truffles.

DKSH bought a 51 percent equity stake in eSweets. It has the option to purchase the remaining 49 percent within the next two years. The company invested in aCommerce, the leading e-commerce solutions provider in Southeast Asia, in 2015.

Founded in 2007, eSweets has about 55 specialists, mostly in marketing and sales.

Both parties have agreed not to disclose the financial details of the transaction.

Dr Joerg Wolle, President & CEO, DKSH, on the acquisition: "For quite some time, in a strategic and targeted way, DKSH has been expanding its activities in the online segment, further creating value for our clients and customers. Wherever we create or satisfy demand, DKSH actively secures and expands its presence. At the same time, targeted suitable acquisitions support our successful strategy of sustainable profitable growth."

James Ge, Founder of eSweets, added: "China is the world's biggest and fastest-growing e-commerce market and we see tremendous growth potential for clients in the online channels. DKSH's strong sales and marketing expertise, its resources and its long-term relationships with leading clients will significantly support our business. Together, we are able to offer matching Market Expansion Services in China and Hong Kong to our clients."