What Multi-Chem does

Multi-Chem Limited is a Singapore-incorporated, SGX-listed company (ticker: AWZ) operating primarily as a value-added IT security and network performance products distributor through its wholly-owned M.Tech Group subsidiary. Founded in 1988, the company originally supplied materials and equipment to PCB manufacturers but pivoted into IT distribution in 2002; the IT segment now contributes more than 99% of group revenue, with the legacy PCB business wound down in 2025 following factory closure. The M.Tech Group distributes best-of-breed cybersecurity and network performance products from industry-leading vendors as a sole distributor for several leading products in selected regions, serving major systems integrators and resellers across 24 cities in 13 countries spanning APAC, Oceania, and the UK.

The company's product portfolio centers on resale and value-added distribution of third-party cybersecurity and network performance solutions, with a small residual offering of PCB consumables and equipment (non-woven brushes, tacky rollers, cleaning machines, drill regrinding machines, x-ray inspection machines). Underlying distribution capability rests on a multi-country subsidiary structure including M.Tech Products Pte Ltd, M.Tech Products TW, M.Tech Products Aust, and regional entities in India, Japan, Korea, New Zealand, Vietnam, the Philippines, Myanmar, Sri Lanka, and the UK.

Multi-Chem generates revenue through distribution margins on IT security and network performance products sold to systems integrators and resellers, supplemented by a now-negligible stream from PCB equipment. The company has 501-1,000 employees, is led by founding shareholders Foo Suen Sai (CEO) and Han Juat Hoon (COO) alongside next-generation Executive Director Foo Fang Yong, and maintains active investor relations via SGXNET. The capital allocation profile is conservative and cash-return focused, with a final dividend of SGD 0.20 per share declared for FY2025 and ROE of 17.37%.

Name

Multi-Chem

Legal name

Multi-Chem Limited

Website

https://multichem.com.sg

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Multi-Chem Limited is a Singapore-listed regional value-added IT distributor (M.Tech Group) selling cybersecurity and network performance products from leading vendors to systems integrators and resellers across 24 cities in 13 countries, with a legacy PCB materials business wound down in 2025.

Ownership category

akta.pro rank

Product category

IT Security and Network Performance Distribution

NAICS

Bare Printed Circuit Board Manufacturing (334412), Computer and Electronic Product Manufacturing (334)

SIC

Printed Circuit Boards (3672), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

PCB Assembly (PCBA/EMS) (HDAHAOAI)

akta.pro secondary industry

Industrial PCB & Substrate Components (Bare PCBs, rigid-flex, ceramic substrates, thick-film) (IMAGAJAM)

Keywords

• IT security distribution
• Network performance products
• Value-added distribution
• Cybersecurity distribution
• PCB manufacturing supplies

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. IT Products Distribution: Multi-Chem distributes IT security products and network performance products through the M.Tech Group, serving systems integrators and resellers. The IT business contributes more than 99% of the Group's revenue.
2. PCB Materials and Equipment: Value-added supplier of PCB-related materials and equipment to PCB manufacturers, including brushes, cleaning machines, and inspection equipment. Revenue decreased from $1.6M in FY2024 to $425,000 in FY2025 due to factory closure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Multi-Chem, through its M.Tech Group, operates as a regional value-added distributor of IT security and network performance products, carrying best-of-breed offerings from industry-leading vendors across 24 cities in 13 countries. This IT distribution segment contributes more than 99% of Group revenue. The company also retains a legacy business as a value-added supplier of PCB (Printed Circuit Board) manufacturing materials and equipment, including non-woven brushes, cleaning machines, drill regrinding machines, and x-ray inspection equipment, though this segment has been significantly wound down with the closure of its PCB factory in 2025.

Product overview

Multi-Chem operates as a dual-business company: (1) The M.Tech Group is the primary business contributing over 99% of revenue - a regional value-added distributor of cybersecurity and network performance products across 24 cities in 13 countries, distributing best-of-breed products from industry leading vendors; (2) A legacy PCB (Printed Circuit Board) manufacturing materials and equipment business supplying products such as non-woven brushes, cleaning machines, and inspection equipment to PCB manufacturers. As of May 2026, Multi-Chem was acquired by Praana Group and now operates as Sterling MultiChem within the Sterling Specialty Chemicals platform, combining specialty chemical manufacturing with field service capabilities for oil and gas operators.

Differentiator

Problem solved

Functional benefit

Products and services

• M.Tech Group IT Distribution Business
• PCB Materials and Equipment

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Industry Leading IT Security VendorscoreTechnology or Integration · 1 May 2002Multi-Chem through M.Tech Group carries internet security products from industry leading vendors. The company is also the sole distributor for several leading products in selected regions, representing exclusive distribution partnerships with these technology vendors.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Westcon-Comstor: Westcon-Comstor is a global technology distributor focused on security, collaboration, networking, and data center products. Like M.Tech Group, it operates as a value-added distributor serving resellers and system integrators with exclusive vendor relationships across multiple regions including APAC.
• ALSO Group: ALSO Group is a European IT logistics and services company that acts as a value-added distributor of IT products including security, networking, and cloud solutions. Its VAD model and reseller-focused channel strategy closely mirror M.Tech Group's approach.
• Exclusive Networks: Exclusive Networks is a global cybersecurity value-added distributor specializing in IT security and network infrastructure products, closely matching M.Tech Group's cybersecurity-focused distribution model. The company serves resellers and system integrators across APAC, EMEA, and Americas with exclusive distribution agreements for leading cybersecurity vendors.
• Netpoleon Solutions: Netpoleon is an APAC-focused value-added distributor specializing in cybersecurity and network performance solutions, headquartered in Singapore. Like M.Tech Group, it distributes best-of-breed cybersecurity products from leading vendors across Southeast Asia, India, and ANZ with exclusive regional rights for select products.

Broad incumbents

• TD SYNNEX: TD SYNNEX is a major global IT distributor formed by the merger of Tech Data and SYNNEX, distributing IT products including security, networking, and software solutions. It competes with M.Tech Group as a broad-line IT distributor serving resellers across APAC and globally.
• Ingram Micro: Ingram Micro is one of the world's largest IT distributors offering a broad portfolio including cybersecurity, networking, cloud, and mobility products. While it competes with M.Tech in security distribution, it operates at much larger global scale with a wider product catalog.
• Avnet: Avnet is a global electronic components and IT solutions distributor operating across electronic component distribution and embedded solutions. It provides comparable electronics distribution services to Multi-Chem's PCB materials business at much larger scale.
• Arrow Electronics: Arrow Electronics is a global technology distributor serving industrial and commercial markets with electronic components and enterprise computing solutions including IT security products. It is comparable to Multi-Chem's combined PCB materials supply and IT distribution heritage, though at vastly larger scale.

Regional players

• Macnica: Macnica is a major Japanese IT and electronic components distributor with APAC operations, distributing semiconductors, networking, and IT products. It serves as a comparable regional distributor in Japan and APAC, with similar value-added distribution services for technology vendors.
• rhipe: rhipe (now part of Crayon) is an APAC-focused cloud and software distributor specializing in subscription-based software, cloud, and security solutions across Australia, New Zealand, and Southeast Asia. It operates a comparable value-added distribution model targeting resellers and system integrators in similar APAC geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multi-Chem