US-headquartered business-to-business distribution, logistics and supply chain company Wesco has entered into a definitive agreement to acquire Singapore-based Newark Engineering Group, a specialist provider of engineered cooling solutions and lifecycle services for data centres, according to PR Newswire, in a deal valued at 175 million Singapore dollars (approximately $136 million, or approximately €114 million).

Newark specialises in the design, supply, installation, commissioning and maintenance of advanced thermal management systems for data centres across Southeast Asia, serving customers in Singapore, Malaysia and Indonesia. The company generated approximately US$60 million (approximately €50 million) in revenue in 2025 and is described as EBITDA margin accretive to the Wesco portfolio.

The acquisition expands Wesco's participation in the data centre value chain, particularly across engineered cooling and lifecycle services, and establishes a growth platform in the fast-expanding Southeast Asian market. Wesco intends to leverage its global customer relationships and broader solutions portfolio to accelerate Newark's growth following completion.

Chairman, president and CEO John Engel said: "This acquisition expands our participation in the data center value chain, particularly in engineered cooling and lifecycle services, and provides a strong growth platform in Southeast Asia. It's a service-led business with attractive margins, and we see a clear path to above-market growth by leveraging Wesco's global customer relationships and expanding solutions portfolio."

Engel added that the transaction is expected to enhance Wesco's growth profile, support margin expansion and generate attractive returns within the first year. The combination is designed to bring Newark's established regional customer relationships together with Wesco's global account coverage, creating cross-selling opportunities across electrical, communications and supply chain solutions.

Newark managing director Fanny Lee said: "Wesco's global platform and complementary capabilities will allow us to broaden our solutions portfolio, access new customers, and scale the business."

Newark's customer base includes global technology companies and Fortune 500 firms across hyperscale, enterprise and colocation data centre segments. Wesco said it expects to expand access to these customer groups through the combined business following close.

The transaction is expected to complete in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.

Explore the full coverage of Wesco's acquisition strategy and what it means for data centre cooling services across Southeast Asia.