Axel Johnson International had another exceptional acquisition year in 2022; 20 new companies with a combined revenue of more than SEK 1 billion joined the group. Despite the macroeconomic turbulence, we are well-positioned to continue to use acquisitive growth to strengthen our six business groups within selected strategic areas to drive future expansion. Acquisitions were made across the business groups, two examples being Power Transmission Solutions’ entrance into the Italian market with the acquisition of GMM, and Lifting Solutions Group adding rental capabilities in Australia with the acquisition of Dynamic Rigging Hire.
For me, our acquisition track record shows the strength of our business model, where both business groups and companies are on the lookout for new additions to strengthen their competitive position. Our local presence and reputation in the markets create a high deal inflow and enable us to partner with entrepreneurs. They benefit from our offering, and it helps us increase our competitiveness. Going forward, we will continue to focus on acquisitions that strengthen our position in geographical markets, and product niches that reinforce our ability to make the most of the key structural themes within our industry.
Fredrik Eklund, Director of Strategy and Mergers & Acquisitions
Annual Review – The success of 2022 is even across our different business groups; each and every one of our companies has contributed to our record result. Take part of our business groups’ performance and stories from our group companies.
Our growth strategy is based on a combination of organic growth and acquisitions. With a strong sense of community, we take on new opportunities and confront challenges within our niche markets.
Annual Review – The venture brings together Regal Components, which joined the Driveline Solutions business group in 2022, with industry partners Malwa, a developer of forest harvesters and forwarders, and an electric battery maker.
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