Jebsen & Jessen Group completed the acquisition of a majority stake in MSM Group.

Jebsen & Jessen Group, a diversified industrial conglomerate, completed the acquisition of a majority stake in MSM Group, a diversified conglomerate in Mongolia. Financial terms were not disclosed. “We are delighted to be welcoming MSM Group as part of the Jebsen & Jessen family. The acquisition is a strategic move that aligns with the goal of expanding our global footprint, and enhancing our industrial and distribution capabilities,” Per Magnusson, Jebsen & Jessen Group CEO.