Tag Archives: Axieo

DKSH announces Acquisition of SACOA in Australia

Expanded Value-added Service Offering in the Agrochemicals Sector

Speciality chemicals  distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of 100% of Agrochemicals distributor and blender SACOA Pty Ltd  (Claremont – Western Australia, Australia) for an undisclosed sum. DKSH says the intention is “to further diversify its value-added service offering”.


Founded in 1994, family-owned SACOA is a formulator of premium agricultural crop protection products with sales of ca. AUD 21 mn (ca. CHF 15 mn at an exchange rate of 1.40 AUD/CH or ca. EUR 13.6 mn) that “develops, formulates and sells spray oils and adjuvants to a long-term customer base of agricultural distributors, resellers and farmers. The product range is supported by industry and academic research and field trial programs as well as proprietary and trademarked brand names”, DKSH said in the announcement.


According to DKSH, SACOA’s product range is highly complementary to the existing product portfolio, “recently enhanced through the 2020 acquisition of Axieo, including its subsidiary SST, a leading supplier of adjuvants and spray additives, in Australia and New Zealand”. It is planned to fully integrate SACOA into DKSH’s Performance Materials BU and to merge the sales teams, in order to create revenue synergies.


Source: DKSH press release


HGE / DCG – 30.04.2021

DKSH reports solid Results for 2020, proposes higher Dividend

Performance Materials BU of DKSH manages well, integrating Acquisitions and increasing EBIT by 2.2%

Market expansion services provider (and speciality chemicals  and ingredients distributor) DKSH AG (Zurich, Switzerland)  today reported its financial results for 2020. Mostly due to COVID-19 and the pandemic-related restrictions, lockdown and ouright travel bans that resulted in GDP contraction, sales for the group decreased by 7.2% (-2.1% at constant exchange rat es / “CER”) to CHF 10’742 mn (from CHF 11’579 mn). As acquistions contributed 2.1%, the existing business declined by 4.2% for the group. The currency effect was negative, at -5.1%.

Operating profit (EBIT) was also down 3.0 % (up 2.4% at CER) at CHF 257.5 mn (against CHF 265.4 mn in 2019). Profit after Tax decreased by 8.0% (-2.9% at CER) to CHF 164.8 mn (was CHF 176.1 mn). Free cash flow increased 34.1% from CHF 156.7 mn to CHF 210.2 mn. The Board of Directors of DKSK will propose an increase in dividend of 2.6% to a new level of CHF 1.95 per share.


The Performance Materials BU (i.e. the specialty chemicals and ingredients distribution business) reported an increase in net sales to  CHF 1’108.0 mn, 9.5% above 2019 (+ 15.1% at CER) based on an expansion of business with existing clients and the consolidation of business acquired at the end of 2019. EBIT was CHF 91.7 mn, up 2.2% from the CHF 89.7 mn in 2019 (+7.0% at CER). The unit particularly benefited from the acquisition of Axieo, which led to a significant increase of geografic coverage in Australia and New Zealand, although at a slight dilution of margins, DKSH said in the announcement.


Source: DKSH press release


HGE / DCG – 09.02.2021