The acquisition will see MHE-Demag’s Industrial Products (IPD) Business, a member of Konecranes Group, transfer to Jebsen & Jessen Group to form the Group’s material handling division
SINGAPORE – Media OutReach – 20 February 2023 – Diversified industrial group Jebsen & Jessen today announces the acquisition of MHE-Demag’s Industrial Products (IPD) Business, a member of Konecranes Group – a move which will expand the family enterprise’s portfolio and position it to meet the need for engineered mechanical solutions in the rapidly urbanising South East Asia region. The deal is expected to close in April 2023.
Signing of the acquisition agreement between Jebsen & Jessen Pte. Ltd. and Konecranes at Jebsen & Jessen Group headquarters in Singapore.
The newly acquired IPD business will be known as “MHE”, retaining the existing MHE branding, and form the material handling equipment division of Jebsen & Jessen Technology. It will cover manufacturing, engineering, renting, trading, supplying and servicing of MHE’s complete range of industrial and material handling products, such as dock levellers and door systems; mechanical car park systems; building maintenance units; boom lifts and Aerial Work Platforms; warehouse trucks and lift systems, among others. The business spans Australia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
“We are excited to welcome the 300-people-strong MHE-Demag Industrial Products (IPD) team to the Jebsen & Jessen Group. The business is already the clear market leader in some segments, and our ambition is to attain market leadership across the portfolio. We are committed to investing in people and the business to achieve our growth ambitions,” said Per Magnusson, Group CEO, Jebsen & Jessen Group. “The acquisition aligns well with our Advance & Build strategy and builds upon our distinctive heritage as a trusted provider of quality industrial products and value-added solutions,” Per Magnusson continues.
The IPD business to be acquired by Jebsen & Jessen Group is part of MHE-Demag, a member of the Konecranes Group, which was previously a joint venture between Jebsen & Jessen and Demag. Jebsen & Jessen’s 50% stake in MHE-Demag was acquired by Konecranes in January 2020. Focusing on its core industrial service and lifting equipment business, Konecranes will, with this deal, be divesting its IPD business to Jebsen & Jessen Group. Since 1972, the business has provided systems for iconic buildings in the region, such as the Petronas Twin Tower, Merdeka 118 and KL Tower in Malaysia, Marina Bay Sands and Gardens by the Bay in Singapore, BNI 46 in Indonesia, Bitexco Financial Tower in Vietnam and Okada Manila in the Philippines. It also provided the mechanism for the retractable roof of the Singapore Sports Hub – the largest free-spanning dome stadium in the world.
“The divestment of our IPD business back to Jebsen & Jessen will allow Konecranes to fully focus on growth in our core businesses in the region and leverage the earlier acquisition of full ownership in MHE-Demag. During our strategic review, Jebsen & Jessen stood out as the right fit with a strong vision and strategy for the IPD business, and I am confident that the industrial product business will continue to flourish in its new home,” said Marko Tulokas, SVP, Industrial Service & Equipment, Region APAC, Konecranes.
Upon finalisation of the acquisition, approximately 300 highly-skilled Konecranes’ employees will join Jebsen & Jessen Group, alongside related assets including all MHE products and solutions. The acquired business will maintain its current commercial presence, and all operations and business will proceed as usual.
Hashtag: #JebsenandJessen
The issuer is solely responsible for the content of this announcement.
About Jebsen & Jessen Group
We are an ASEAN-focused industrial conglomerate with a diverse network of businesses spanning manufacturing, engineering, and distribution activities.
The five core business units – Cable Technology, Ingredients, Life Sciences, Packaging and Technology – are present in eight countries and deliver through various locations across China, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Our nine manufacturing facilities are in Indonesia, Malaysia, Myanmar, Singapore and Vietnam. Our 2,550 people work as one to develop meaningful products and services for the 20,000 customers we serve.
About Jebsen & Jessen Technology We bring together application, service and technology driven activities. Across the region we provide equipment and complete turn-key solutions through four divisions: Industrial Services, Pumps, Scientific Equipment and Turf & Irrigation. Drawing on our regional network of industry focused resources; we bring relevant global brands to key markets.
About Konecranes Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR)
About MHE-Demag MHE-Demag is part of the global lifting leader Konecranes. Established in 1972 and based in Singapore, MHE-Demag has 11 factories and more than 70 service locations throughout Southeast Asia. MHE-Demag is the name for material handling. We engineer, manufacture and maintain a comprehensive range of industrial cranes and hoists, warehousing equipment such as lift trucks and dock levellers, aerial work platforms, building maintenance units for safe working at heights, compact construction equipment, as well as automated car parking systems.
SINGAPORE – Media OutReach – 20 February 2023 – Okta, the leading independent identity provider, today announced that it has appointed information technology industry veteran and senior business executive Neville Vincent as Vice President for Asia.
Neville Vincent, Vice President, Asia, Okta
Vincent will oversee Okta’s business operations, deepen partner links, and lead the company’s expansion in this region.
Vincent has over two decades of experience in the technology industry, leading and providing strategic direction to drive business growth and capture emerging opportunities throughout Asia Pacific. He recently served as Vice President, Enterprise, Asia Pacific and Japan for Nutanix and has held senior sales leadership roles at Oracle, Hitachi Vantara, and Adduce Technologies.
Ben Goodman, Okta’s Senior Vice President and General Manager for Asia Pacific, said: “Vincent has tremendous depth and breadth of experience working with customers, partners, and teams across the Asian IT industry. We are privileged to have him on board, and we look forward to his leadership to help take Okta’s business in the region to the next level.”
“Digital identity is the foundation of modern businesses,” said Vincent. “I am thrilled to join a fast-growing company like Okta to lead its high-performance team. As cyberattacks intensify, organisations look to security, customer experience, and the cloud as key differentiators of their business.”
Hashtag: #Okta
The issuer is solely responsible for the content of this announcement.
About Okta
Okta is the World’s Identity Company. As the leading independent Identity partner, we free everyone to safely use any technology—anywhere, on any device or app. The most trusted brands trust Okta to enable secure access, authentication, and automation. With flexibility and neutrality at the core of our Okta Workforce Identity and Customer Identity Clouds, business leaders and developers can focus on innovation and accelerate digital transformation thanks to customizable solutions and more than 7,000 pre-built integrations. We’re building a world where Identity belongs to you. Learn more at okta.com.
In this photo provided by the family, a young landmine victim learns to use his new prosthetic limbs at Hpa-An Orthopedic Rehabilitation Center in Hpa-An township, Karen State, Myanmar, on Dec. 7, 2022. The boy lost his legs in a landmine blast in July 2022. He speaks frequently about the blast, but his mother isn't sure he'll ever process what happened. “Maybe he still doesn’t understand,” she said. “He is still young.” (Family photo via AP)
BANGKOK (AP) — The three-year-old boy had taken only two steps from his mother’s lap when a deafening explosion rang out. The blast caught the woman in the face, blurring her vision. She forced her eyes open and searched for her son around the busy jetty where they’d been waiting for a ferry, near their small village in south-central Myanmar.
Arial view of Attapeu province partially submerged due to Dam collapse in 2018. ( Photo : Allan Liu, Hope Vision )
Tropical storms like Mulan, Ma-on, and Noru affected 16 provinces across the country, ripping through towns and farmland, causing floods, and destroying crops and infrastructure.
SINGAPORE – Media OutReach – 20 February 2023 – Metabay, the social platform that brings fans closer to their favorite creators, announced its partnerships with models, and artists, including Singaporean DJ Wukong.
Metabay homepage, where users can browse creators and get the exclusive passes
These partnerships signify the rapid growth of Metabay. Founded in July 2022, Metabay has already assembled a team that’s developed a platform to revamp fan-creator experience. The company has also secured creators endorsment and first paying users, with many more drops in the pipeline.
In Metabay’s first partnerships, creators have dropped digital passes (using NFT properties) that give holders access to a privileged community of fans, along with many unique perks, rewards and content from the creators’ universe. Fans can enjoy exclusive experiences like a dedicated group chat with the creator, a monthly video call, as well as other perks including clothing, merchandise, tickets to shows, personalised videos and many other surprises, ultimately restoring proximity between fans and creators.
Wukong performing a show at XCAM festival in Cambodia
Wukong is a Singaporean music producer and DJ who represents a new breed of musicians in the Southeast Asian region and was in the lineup of major festivals such as the F1 Grand Prix, ZoukOut, Creamfields and XCAM. Spearheading his Oriental Rave movement, Wukong blends ethnically Asian elements with electronic dance music to create an arsenal of unique dancefloor weapons.
On December 2022 Wukong dropped his digital passes on Metabay at US$150 each and there were sold out in a few hours. A total of 88 fans have purchased digital passes, which is the first batch of more to come. Using the digital passes, Wukong’s fans have been able to claim rewards such as access to his shows and meet-and-greets with him. All proceeds from the sale of Wukong’s digital passes went to a charity drive for a primary school in Vietnam, where he has been touring recently.
Fans holding the pass during a meet & greet for Wukong’s birthday party
Commenting on his partnership with Metabay, Wukong said: “As a musician, I’m always thinking of ways to bring value to my fans as a way to thank them for their support. I’m thrilled to collaborate with Metabay to connect further with my community and bring them into my world of Oriental Rave. Metabay and I will co-create benefits for my community and ensure that the rewards will be memorable for my fans.”
There are only a maximum of 1,000 digital passes issued by each creator, forming the “super fan-club” of the creators. The passes are a gateway for fans to enter into their favourite creator’s universe. Not only do the fans connect further with their favourite creators, but they also get to connect with each other, fostering deeper bonds within the community. After purchasing the pass, holders can enjoy the perks that come with it for 1 year, trade it or transfer it as a gift. No prior Web3 knowledge is needed as fans can just access their digital passes with just an email and password after signing up on metabay.co.
Metabay’s team will continue its mission to bring fan communities closer to their favourite creators, with more drops to be announced soon.
Hashtag: #Metabay
The issuer is solely responsible for the content of this announcement.
About Metabay
Metabay is reinventing the fan-creator experience with a mission to restore proximity between creators and their community. By leveraging NFT properties, Metabay gives users from all backgrounds access to this technology and experience its powerful ability to connect them with their favourite creators.
Cable Technology, 
