On 1 January 2024, the Swiss Headquarters Tool-Temp AG will acquire 100% of the shares of Tool-Temp Asia Pte Ltd, based in Singapore. Dereck Tan will take over the operational management of the successful Asian branch as the new General Manager.

The long-time shareholder, Hubert Nerlich, has transferred his shares to the Headquarters in Switzerland. However, he will continue to support Tool-Temp Asia Pte Ltd as a Director (Member of the Board).

We are delighted to announce that Dereck Tan, who has been with Tool-Temp for many years in Business Development and Sales, has joined Tool-Temp Asia Pte Ltd as General Manager. In his new role he will be responsible for the business development of Tool-Temp Asia Pte Ltd with its subsidiaries in China and Taiwan. “We wish Dereck Tan every success in his new role and look forward to working with him,” says Marco Pellegrino, Chief Sales Officer of Tool-Temp AG.

With this step, Tool-Temp AG is investing in an important and promising market and is looking forward to the further development and expansion of its business in Asia. Tool-Temp Asia Pte Ltd maintains a central warehouse with new equipment to serve customers in ASEAN as well as China, Taiwan and India. Cooperation with local distributors will be intensified and expanded.