Jebsen & Jessen
Jebsen & Jessen Group is a diversified industrial group with operation offices across Southeast Asia and beyond. It is a third generation family-owned enterprise and part of the Jebsen & Jessen Family Enterprise.
Company information
Headquartered in Singapore with seven regional business units, Jebsen & Jessen Group had a turnover of S$800 million in 2021, employs over 2,550 employees and has more than 50 subsidiaries and associate companies.The company has several joint ventures including JJ-Lurgi Engineering, JJ-LAPP, and JJ-Pun.
In May 2011, company executives indicated that the company has an acquisition war chest of SGD 250 million to support its growth strategy.
History
Part of a global family enterprise that dates back to a trading partnership formed in Hong Kong in 1895. Jebsen & Jessen Group was formally incorporated in 1963 with operations in Singapore and Malaysia and subsequently set up offices throughout Southeast Asia. By 1971, the company had more than 600 employees and was trading pharmaceuticals, engineering, photographic products, construction equipment, and home appliances.In the early 1970s, the company acquired agencies for luxury watch brands, formed an agreement with Demag AG, and set up mechanical handling engineering in 1972, trading and manufacturing hoists and cranes. In 1976, the company established Jebsen & Jessen Packaging.
In 1982, the group holding company Jebsen & Jessen Pte Ltd was set up; its three departments included engineering, manufacturing, and trade and industry. In 1986, MHE-Demag became a 50:50 joint venture between Jebsen & Jessen and Demag. By its 25th anniversary in 1988, the group had over 30 subsidiaries and employed 1,000 people.
On March 1, 1992, JJ-Lurgi was formed as a 50:50 joint venture between Jebsen & Jessen and Lurgi AG. Current Chairman Heinrich Jessen joined the company as an environment, health, and safety manager in 1995.
In 2004, the group began a 50:50 joint venture with German Lapp Kabel, forming JJ-Lapp Cable. The group obtained ISO 14001 and OHSAS certifications across its 40 subsidiaries in 2004.
In 2010, the group expanded their regional reach by opening an office in Cambodia. and in July 2011, it entered Myanmar with a 50:50 joint venture with family-owned Serge Pun & Associates Group, forming JJ-Pun Pte Ltd.
The group announced its acquisition of Halcyon Offshore, a leading offshore and marine services company, on May 28, 2012.
In March 2014, Jebsen & Jessen Ingredients made the move into manufacturing malted ingredients, signing a 50:50 joint venture agreement with UK firm Muntons.
In January 2015, MHE-Demag acquired Demag Cranes & Components Australia.
In March 2015, JJ-Lapp Cable acquired a 100% stake in PT JJ-Lapp Cable SM. This came five years after JJ-Lapp Cable and PT Sinarmonas entered a joint venture relationship.
In October 2015, the group divested its communications and healthcare divisions to .
In June 2016, JJ-Muntons opened the new 3,000-square-meter specialty malted manufacturing facility in Chonburi, Thailand.
In November 2016, MHE-Demag opened Southeast Asia's largest crane manufacturing plant in Malaysia.
In January 2018, the group and sister company Jebsen Group in China announced the establishment of a joint venture of equals in Greater China between Jebsen & Jessen Ingredients and Jebsen Industrial Specialty Ingredients & Solutions Business.