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Axel Johnson International enters UK market for marine and industrial driveline systems
Axel Johnson International enters UK market for marine and industrial driveline systems
2018-12-06 Axel Johnson International’s Industrial Solutions business group is expanding its driveline business via the acquisition of Marindus Group Limited (MGL). The UK-based company comprises driveline specialist Marine and Industrial Transmissions Limited (MIT) and AtZ Marine Technologies Limited (ATZ). The transaction was completed on 3 December.“The acquisition expands our geographical reach in Europe, while simultaneously growing our commitment to a number of leading driveline and marine application brands,” says Jan Brattberg, Head of Driveline Solutions platform. “MGL’s operating companies are fully focused on providing technical solutions to their customers, which is a perfect fit with the strategic focus of Axel Johnson International.”
Headquartered in Kent, MGL has an annual turnover of approximately GBP 9 million and employs more than 50 members of staff. The company was initially founded in 1974 as the first Twin Disc distributor in the UK. This distribution partnership remains key for MIT and currently accounts for a significant amount of MGL’s sales revenue.
MIT are experts in the design, supply and installation of custom-made solutions for marine and industrial driveline systems, along with being exclusive UK and Ireland distributors for Twin Disc, Transfluid, Rubber Design and Quincy. Furthermore, its customer focus extends to providing expert service and support for a number of other leading driveline brands.
AtZ provides expert marine engineering capabilities, along with a full consultative service to multiple aspects of above and below the waterline components. With a comprehensive product portfolio and an excellent service and repair capability, AtZ has been serving the marine, power generation and petrochemical sectors since 1998. AtZ is also the sole UK and Ireland supplier of leading brands such as Aegir, Deckma, ABCON® and Tribomar products and services.
“We are delighted that MIT and ATZ are becoming part of Axel Johnson International and its driveline platform,” says Jerry Hill, Chairman of MGL. “This is a landmark development for both companies as it will enable true potential to be realised. We have laid excellent foundations and built a best-in-class team that will continue to flourish and gain new opportunities for growth under the ownership of Axel Johnson International.”
For further information, please contact:
Jan Brattberg, Head of Drivelines Solutions platform, Axel Johnson International,
+46 (0)8 55 42 40 24, jan.brattberg@transauto.se
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires leader in non-destructive testing of steel wire rope.
Axel Johnson International acquires leader in non-destructive testing of steel wire rope.
2018-12-04 Axel Johnson International’s Lifting Solutions business group is extending its service offering by acquiring AMC S.R.L, effective Dec 4, 2018. AMC uses advanced sensor technologies to develop products and services for non-destructive testing (NDT) of steel wire ropes. Its global customer base includes two of the main elevator/escalator producers in the world.Based in Turin, Italy, AMC’s offering is centered around its leading technical expertise in magneto-inductive analysis, built over many years in close cooperation with Polytechnic University of Turin. AMC both sell and rent its products to customers as well as offer related services. Main sectors served are elevators, ropeways and critical steel wire rope applications in industrial settings, such as cranes, heavy lifting and oil & gas.
The acquisition is in line with Lifting Solutions’ increased focus on digital solutions to develop its service offering by adding more expertise and thereby increasing customer value. “AMC’s know-how will further increase the sophistication of our service offering,” says Ralf Wiberg, Managing Director of Lifting Solutions, Axel Johnson International. “Their competence in remote monitoring and advanced sensor technology is highly relevant to our existing business.”
The company was born in 2007 as spin-off from the Polytechnic University of Turin, founded by a team of professors and researchers and employing eight people today. AMC have a leading offering in inspection and analysis of elevator ropes, which recently proved itself as the only reliable way to monitor the latest generation of polymeric coated elevator ropes.“We are looking forward to becoming a part of the Axel Johnson International family,” says Bruno Vusini, Managing Director of AMC. “Lifting Solutions’ strong market position in Europe will open up new opportunities and allow us to further develop our offering and expand into new regions.”
The transaction is also an important milestone for the University of Politecnico di Torino. "We are very satisfied with this exit, today the most significant for our University,” says Giuliana Mattiazzo, Vice Rector for Technology Transfer, University, Politecnico di Torino “This case represents a best practice in the technology transfer system that involved the Polytechnic at every level."
For further information, please contact:
Ralf Wiberg, Managing Director of Lifting Solutions, Axel Johnson International,
+35 84 07 66 99 16, ralf.wiberg@axinter.com
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International enters industrial automation via acquisition of OCS
Axel Johnson International enters industrial automation via acquisition of OCS
2018-12-03 Axel Johnson International has entered the market for overhead conveying solutions and industrial automation by acquiring a majority stake in OCS AB, a global provider of overhead conveyor systems based in Borås, Sweden.OCS provides high quality overhead conveyors systems for the automotive, aviation and general industries and has a particularly strong presence in the Nordic region and central Europe. The Company adds SEK 100 million of revenue to the Axel Johnson International group and will form an initial platform from which the Group intends to build a strong Pan-European player within industrial automation. The acquisition is well aligned with the Group’s long-term strategy to provide complete technical solutions for a variety of industrial customers and applications.
“The acquisition of OCS is a milestone for Axel Johnson International as it marks our first investment within industrial automation,” says Martin Malmvik, CEO of Axel Johnson International, who will become chairman of OCS AB. “We see considerable growth potential and will work closely with the management team to support them in every way we can.”
OCS will continue to operate under its current brand name as part of Axel Johnson International’s Industrial Solutions business group. The current owners will remain involved with relevant minority stake ownership, thereby aligning owner incentives and creating a strong sense of partnership between the two parties.
“Becoming part of the Axel Johnson International family of companies will create many new opportunities for OCS Group's customers and staff, and I look forward to continuing to lead the company,” says Kenth Almqvist who together with Christer Lundgren and Mathias Frunz will remain part owners of the OCS Group. “Together we will work to further strengthen our offering to the market for lean, clean and green manufacturing.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Martin Malmvik, CEO & President, Axel Johnson International,
+46 (0)8 453 77 51, martin.malmvik@axinter.com
Kenth Almqvist, CEO, OCS AB
+46 (0)33 23 34 40, ka@ocs.se
About OCS Overhead Conveyor System AB
Headquartered in Borås, Sweden, OCS is a niche player within industrial automation designing, manufacturing and installing advanced overhead conveyors systems for industrial applications. The Company was founded in 1993 and delivers systems to customers across the world and to a variety of industries.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
New managing director appointed for Sverull
New managing director appointed for Sverull
2018-12-03 Axel Johnson International’s Industrial Solutions business group has appointed Martin Elm as Managing Director of Sverull AB. Martin start on December 3 and will succeed Göran Hegestig, who is retiring.Martin’s most recent position is as Business area manager of Systems Production at the AQ Group. The Business Area today employ about 200 people and have a turnover of approximately SEK 500 million. Before that, Martin served as MD at AQ Holmberg’s production unit in Suzhou, located near Shanghai, before moving back to Sweden in 2013.
“I am very glad that Martin is joining the team at Sverull,” says Ola Sjölin Managing Director of Industrial Solutions. “He will be a great addition with his personality and international experience from industrial production.”
Göran has been with Sverull for 42 years and during that time served in various positions, most recently as Managing Director. During the last two years Göran has led Sverull through a comprehensive change process and established a new platform for the company grow upon, going forward.
“Göran has done an exceptional job, in leading Sverull through this change process,” says Ola Sjölin Managing Director of Industrial Solutions. “I am very grateful for all the years of valuable service and wish him all the best in his new challenges as a retiree”
Göran’s retirement will allow for a smooth handover to Martin. The transition is expected to proceed for about two months, during which Göran will gradually hand over responsibility and remain available for support.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson international expands UK fluid handling business with Crest Process Engineering acquisition
Axel Johnson international expands UK fluid handling business with Crest Process Engineering acquisition
2018-10-08 Axel Johnson International’s Fluid Handling Solutions business group, AxFlow, has acquired Crest Process Engineering Limited – Radstock, effective October 1. The company sells pumps, spares, systems, ancillary equipment and service/repair in southwest England and south Wales. Its main markets are food & beverage, chemicals, industrial and marine.Crest Process Engineering has a strong regional presence in the field of fluid handling and service support, so it complements AxFlow UK’s four service and repair centres in Slough, Huddersfield, Aberdeen and Durham. This dovetails with the AxFlow strategy of supporting customer needs locally.
“The Crest Process Engineering acquisition raises AxFlow’s profile as a complete pump company and makes us an attractive partner for UK customers,” says Ole Weiner, CEO, AxFlow Holding.
“Crest Process Engineering has extremely good long-term customer relationships,” says Tony Peters, Managing Director, AxFlow UK. “The sales, technical and service knowledge within Crest Process Engineering is also very good – they see great opportunities to sell AxFlow’s products and services. It also kick-starts further AxFlow UK growth of pump sales and service in the South West of England and South Wales.”
With the addition of Crest Process Engineering, the AxFlow company in Great Britain has 95 employees, including 30 hands-on service and workshop staff.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
AxFlow, the Fluid Handling Solutions business group within Axel Johnson International, specialises in the marketing, distribution and provision of a complete sales engineering services for high quality fluid handling equipment. AxFlow serves customers in the food-, chemical- & petrochemical-, water & waste water-, pharmaceutical-, pulp & paper-, mining- and ceramics industries with equipment from world leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 31 countries, it has approximately 700 employees and an annual turnover of EUR 180 million.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International enters Australia and New Zealand by acquiring Brown Brothers/Kelair
Axel Johnson International enters Australia and New Zealand by acquiring Brown Brothers/Kelair
2018-09-20 Axel Johnson International’s Fluid Handling Solutions business group, AxFlow, has acquired Brown Brothers/Kelair, the market-leading distributor of positive displacement and centrifugal pumps in Australia and New Zealand. The Group operates through 15 locations across Australia and New Zealand.The acquisition is the next step in AxFlow’s geographic expansion outside Europe, after the successful acquisition of AQS in South Africa, 2016. “The acquisition gives AxFlow great opportunities for sales growth in Australia and New Zealand, as well as a strong platform for growth in Oceania,” says AxFlow Holdings CEO Ole Weiner.
Headquartered in Christchurch, N.Z., Brown Brothers/Kelair sells centrifugal and positive displacement pumps to users and resellers in industrial segments and utility pumps to agriculture and municipalities. The Group’s leading position as a distributor of centrifugal pumps in Oceania is strengthened by its long relationship with Xylem, the global market leader in centrifugal pumps.
Ole Weiner sees the market for positive displacement and centrifugal pumps in Australia and New Zealand as very attractive, with considerable growth prospects. “Australia and New Zealand combine good business climate with healthy growth rates,” he says, adding that as a leading distributor in fragmented market, with a multi-regional and nationwide presence, as well as a well-established service and installation business, Brown Brothers/Kelair are a very good strategic fit with AxFlow’s existing business.
Brown Brothers Engineers was established in 1908 in New Zealand by Alfred and Phillip Brown. In the early years, the company specialized in electrical engineering and diversified into pumps after 1915. In 1980, Brown Brothers became a member of the Mace Group of Companies. It acquired Sydney-based Kelair in 2004. The Mace Group is a second-generation family company lead by Ted Mace, Chairman of the Board.
“I am glad to hand over the ownership to AxFlow, with its long-term ownership view and strong values,” says Ted Mace. “It will present new opportunities for the group and its employees and be a reliable partner for our customers for many years to come.”
John Inkster, CEO, Brown Brothers and Kelair Pumps, will continue to run the company after the acquisition. “We see a very good match between the Brown Brothers and AxFlow management culture,” Weiner says. “This is crucial to our ambition to keep people with local expertise in place, while giving the acquired company the opportunities that come with being part of a larger group.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
AxFlow, the Fluid Handling Solutions business group within Axel Johnson International, specialises in the marketing, distribution and provision of a complete sales engineering services for high quality fluid handling equipment. AxFlow serves customers in the food-, chemical- & petrochemical-, water & waste water-, pharmaceutical-, pulp & paper-, mining- and ceramics industries with equipment from world leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 29 countries, it has approximately 600 employees and an annual turnover of 180 MEUR.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
New Managing Director for TMT Malinen, Finland
New Managing Director for TMT Malinen, Finland
2018-09-17 Tea Lehto has been appointed Managing Director of TMT Malinen. TMT Malinen was acquired by Axel Johnson International AB and integrated into the Transport Solutions Group in January 2018.“Tea has a solid management background and her values are a good fit with Axel Johnson International. Her experience from manufacturing companies and technical products will also be useful for continuing TMT Malinen’s development.”
Lehto succeeds Keijo Malinen, who is retiring after more than 40 years with the company. “Keijo developed the company very well during this period, and he will continue on the TMT Malinen board of directors,” Eklöv comments. “We are especially grateful for Keijo’s support since the acquisition. I wish both Keijo and Tea good luck with their future challenges.”
TMT Malinen is one of the largest suppliers to the bodybuilding industry in Finland, designing innovative products and working with an international network to provide complete service. It is located in Lahti, Finland and has a subsidiary in the Baltics.
The appointment was effective September 17.
The Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components. It includes ABKATI, Eigenbrodt, Sternhammar, Trailerkomponenter, TMT Malinen, Widni, Verne, Forankra Group and allsafe, with 750 employees and sales of EUR 200 million.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International appoints new Managing Director for Trailerkomponenter
Axel Johnson International appoints new Managing Director for Trailerkomponenter
2018-09-17 Bruno Wiik has been appointed Managing Director for Trailerkomponenter. Trailerkomponenter, also known as Trako, was acquired by Axel Johnson International AB and integrated in its Transport Solutions Group in January 2018.“We are very happy to have Bruno onboard to develop and modernize the company even more,” says Erik Eklöv, Managing Director Transport Solutions. “Bruno’s production background will be especially useful in this effort.”
Wiik succeeds Marie Fallman, who is retiring after almost 30 years in the company and the last 12 years as Managing Director. She will continue to assist Wiik during a transition period.
“On behalf of Transport Solutions, I thank Marie a lot for all her efforts during the years, which have made Trailerkomponenter a profitable, well-run company with high quality products,” Eklöv says. “I wish Marie and Bruno good luck with future challenges.”
Trako is located in eastern Sweden and focuses mainly on the production of draw bars for the Nordic market and selling vehicle components.
The appointment was effective September 17.
The Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components. It includes ABKATI, Eigenbrodt, Sternhammar, Trailerkomponenter, TMT Malinen, Widni, Verne, Forankra Group and allsafe, with 750 employees and sales of EUR 200 million.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires Polish sealing specialist, Passerotti, from ERIKS
Axel Johnson International acquires Polish sealing specialist, Passerotti, from ERIKS
2018-08-27 Axel Johnson International’s Industrial Solutions business group has acquired Passerotti sp. z.o.o., a Polish niche distributor of technical seals, from the industrial service provider ERIKS. With eight locations in Poland, Passerotti is a significant player in the Polish market with about 11,000 customers present in both MRO and OEM segments. The transaction was completed on August 14, 2018.By acquiring Passerotti, Industrial Solutions strengthens its position in Poland. “The acquisition expands our geographical reach in mechanical power transmissions, which is part of our growth agenda,” says Ola Sjölin, Managing Director, Industrial Solutions. “With excellent capacity for providing tailored sealing solutions, Passerotti is recognised as a value-added distributor of technical seals in the Polish market.”
Headquartered in Bielsko-Biala, Passerotti has an annual turnover of approximately EUR 6.6 million and 85 employees. Its offering is primarily focused on sealing technology, providing a wide range of seals for various technical applications in combination with complementary mechanical power transmission products. The company is an authorised distributor for a number of world leading brands, with a wide and diversified supplier base enabling its competitive offering.
“Joining forces with Axel Johnson International will create many new opportunities, and I am glad to have been given the confidence vote to continue to lead the company,” says Jacek Wróbel, CEO of Passerotti. “We are all looking forward to becoming part of Axel Johnson International, sharing expertise and experience with our new sister companies.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International strengthens position in Norwegian power transmission market
Axel Johnson International strengthens position in Norwegian power transmission market
2018-07-03 The Nomo Group, a member of Axel Johnson International’s Industrial Solutions business group, has entered the Norwegian market for bearings and mechanical power transmission products through the acquisition of Rotek AS on July 2.“This accomplishes a strategic objective we’ve had for some time,” says Ola Sjölin, Managing Director, Industrial Solutions. “By acquiring Rotek, Nomo strengthens its well-established position in the Nordic market even further and opens up additional growth opportunities for the group in the Norwegian market.”
Rotek supplies bearings, power transmission, seals and related services, combined with strong technical knowledge. The company is located on the Norwegian west coast in Ålesund and has an annual turnover of approximately EUR 2.4 million. Founded in 1989, Rotek has developed strong relationships with both customers and suppliers and has a wide product portfolio including the private label RTK.
“Rotek’s product offering combined with their strong technical knowledge, is completely in line with Nomo’s ambition to operate as a technically skilled solution provider,” says Mattias Jaginder, CEO of Nomo.
Ola Erlandsen, former owner and founder of Rotek, to stay on as managing director, sees new opportunities joining Nomo: “Becoming a part of the Nomo Group and Axel Johnson International, applying the Nomo business model and portfolio, will allow us to develop and strengthen our concept in the Norwegian market even further.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
New managing director appointed for CERTEX UK
New managing director appointed for CERTEX UK
2018-07-02 Axel Johnson International’s Lifting Solutions business group has appointed Scott Wilcox as Managing Director of CERTEX UK, effective July 1.Wilcox, currently the operations director of Certex UK, succeeds Kevin Smith and will report to him in his position as Regional Director of North Sea, Lifting Solutions.
Smith will focus on his current responsibilities as Regional Director North Sea, Lifting Solutions, as well as on his new position as Regional Director South Europe, Lifting Solutions.
Wilcox has been with CERTEX UK since 1999, where he has served in various positions ranging from Internal Sales to Branch Manager to Commercial Manager.
“Scott is the ideal candidate to take over as MD for CERTEX UK. His long experience within the company, together with his drive and passion for the business, has set him up for further success within the group,” says Smith. “He has a proven track record of developing customer value.”
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
New regional director for Axel Johnson International’s Lifting Solutions business group
New regional director for Axel Johnson International’s Lifting Solutions business group
2018-07-02 Axel Johnson International’s Lifting Solutions business group has appointed Kevin Smith as Regional Director of South Europe, effective July 1, following the retirement of Peter Keith.Smith succeeds Peter Keith, adding to his present tasks as Regional Director North Sea, but resigning from his role as managing director of Certex UK, also effective July 1. Smith will in this role continue to report to Ralf Wiberg, Manging Director of Lifting Solution, Axel Johnson International.
Smith brings extensive knowledge and experience within the lifting and steel wire rope market from his approximately 30 years in the industry. He entered the industry from Bridon and from there moved to CERTEX UK before the company was sold to Axel Johnson International. In addition to his current roles, Smith is also a Director at LEEA (Lifting Equipment Engineers Association).
“Kevin will be valuable resource in his new role due to his know-how and previous experience as a regional director,” says Ralf Wiberg, Managing Director of Lifting Solutions, Axel Johnson International. “We are also convinced that his extensive knowledge from the offshore industry will benefit our companies in France and Spain.”
After a long and distinguished career, shaping the wire rope industry for more than 40 years, Keith has decided to retire from his positions as Regional Director South Europe and Business Development Director on July 1.
“Peter has had a central role in the wire rope and lifting industry in Europe and is well known and respected for his contribution among suppliers, competitors and customers in this business,” Wiberg says. “We will continue to tap into his experience after his retirement in some special projects.”
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires Dutch mechanical power transmission company
Axel Johnson International acquires Dutch mechanical power transmission company
2018-05-03 Axel Johnson International’s Industrial Solutions business group is increasing its market presence in the Netherlands through the acquisition of MAK Aandrijvingen B.V., effective May 2. MAK, located in Lelystad, provides power transmission solutions including chains, belts, motors and reducers to OEM customers.“As a value-adding distributor for leading OEM’s, MAK has developed a strong niche position,” says Ola Sjölin, Managing Director Industrial Solutions. “MAK will be a great addition to our existing business in the Dutch market and an important piece in our ambition to continue grow within the mechanical power transmission segment. I look forward to developing MAK together with the existing management.”
With roots dating back to 1926, MAK is a well-established supplier of power transmission technology in the Dutch market. MAK’s competitive edge is based on a high service level and its ability to provide optimised transmission solutions. It is the result of an efficient logistic set, close supplier partnerships and quality products in combination with technical expertise. With 36 employees, MAK’s total annual sales are approximately EUR 15 million.
“Joining Axel Johnson International presents a very good opportunity for us at MAK to continue to grow our business,” says Gerard Klinkhamer, MD of MAK, which will continue to operate as an independent company within the Industrial Solutions business group. “I am looking forward to collaborating in key areas with other companies in the group.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director of Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires Dock Equipment range from Pommier
Axel Johnson International acquires Dock Equipment range from Pommier
2018-04-17“This product range is a strategic addition to our existing dock equipment range and allows us to strengthen our product and service offer across Europe,” says Erik Eklöv, Managing Director of Transport Solutions. “Our own R&D development will also play an important role in developing these products further.”
Established in 1945, Pommier is a recognised producer and provider of bodywork components in the market for industrial vehicle equipment. The company and its brands are known for quality and reliability, driven by significant investments in R&D.
“By selling this part of the business to a reputable company like Forankra, I know that our customers will be treated with care and seriousness,” says Jean-Patrick Sauvy, CEO of Pommier.
The Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components. It includes ABKATI, Eigenbrodt, Sternhammar, Trailerkomponenter, TMT. Malinen, Widni, Verne, Forankra group and allsafe, with total sales of EUR 150 million in 2017.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Erik Eklöv, Managing Director of Transport Solutions, Axel Johnson International,
+46 (0)70 202 939, erik.eklov@axinter.com
Virginie Guillot, Marketing Manager of ACK Forankra,
+33 (0)4 72 45 07 24, virginie.guillot@forankra.fr
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires Egil Verne, Norwegian distributor of vehicle components
Axel Johnson International acquires Egil Verne, Norwegian distributor of vehicle components
2018-03-01 Axel Johnson International’s Transport Solutions business group is strengthening its position in the Norwegian market for commercial vehicle components by acquiring Egil Verne AS, effective March 1. With approximately NOK 100 million in sales and 15 employees, Verne is a leading distributor of vehicle components in Norway, focusing on lighting and electrical vehicle components.Verne was established in 1950 and is a well-known brand in Norway. Arno Berg acquired the company in 1992. Arno Berg will continue as CEO and remain a minority shareholder of the company.
“Becoming a part of Axel Johnson International will allow us to widen our product range and strengthen our market concept,” Arno Berg says. “Verne’s knowledge of the Norwegian market combined with Axel Johnson International know-how of the industry and financial strength will give us strong support for future development”
The Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components. It includes ABKATI, Eigenbrodt, Sternhammar, TMT. Malinen, Trailerkomponenter, Widni, Forankra group and allsafe, with total sales of EUR 150 million in 2017.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Erik Eklöv, Managing Director of Transportation Solutions, Axel Johnson International, +46 (0)70 202 939, erik.eklov@axinter.com
Arno Berg, CEO of Egil Verne AS, +47 22 30 68 00, ab@verne.no
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International expands fluid handling services in Italy
Axel Johnson International expands fluid handling services in Italy
2018-02-28With 21 employees, Cinti serves customers mainly in the municipal water, irrigation, agriculture, water treatment, and fire protection. The acquisition includes all the tools and facilities needed to make a complete service offer.
“By bringing Cinti to AxFlow Group we will strengthen our service offering in Italy and in Europe. It is in line with our long-term aim to have the best customer service on the market,” says Ole Weiner, CEO of AxFlow Group.
Cinti is an authorized service centre for water pumps for civil and industrial applications, including many well-known brands. It has certifications and authorizations for public works in Italy.
Cinti’s Managing Director Marco Cinti, sees big benefits of being part of a larger group. “We are looking forward to increased visibility and sales activity generated by AxFlow Italy’s sales staff, he says. “Cinti will have a wider portfolio now, including PD pumps and agitators, and we will be able to expand our service offer to other industries.”
AxFlow Italy is part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group specialises in the marketing, distribution and provision of complete sales engineering services for high-quality fluid-handling equipment. The AxFlow Group serves customers in the ceramics, chemical & petrochemical, food, pharmaceutical, pulp & paper, and water & waste water industries with equipment from world-leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 27 countries and has approximately 600 employees and an annual turnover of EUR 180 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires Swedish bearing distributors.
Axel Johnson International acquires Swedish bearing distributors.
2018-02-08 Nomo, part of Axel Johnson International, strengthened its position on the Nordic market for bearings, transmissions and seals by acquiring Rotera Kullager in Täby AB and Rotera Kullager in Västberga AB on February 2. The Rotera Kullager companies have annual sales of SEK 27 million.The move is in line with the long-term strategy of Axel Johnson International’s Industrial Solutions business group. “This is part of our ambition to grow our power transmissions business by developing existing companies and expanding in new markets throughout Europe,” says Ola Sjölin, Industrial Solutions’ managing director.
Rotera Kullager supplies bearings, transmissions and seals combined with related services and strong technical skills to industrial customers on the Swedish market. The company was founded in 1997 and has a wide product portfolio with strong and well-known brands.
"Our ambition is to further strengthen Nomo's position in the Nordic market as a leading technical solution provider of bearings, transmission and seals," says Mattias Jaginder, CEO of the Nomo Group. “Rotera Kullager has a loyal customer base with relationships that go back 20 years. Its strong local presence and competencies within our product areas mean that we can strengthen our offer to the market together”
Rotera Kullager has worked with Nomo for many years and sees great benefits in becoming a part of the company. “Nomo's vision and business concept is entirely in line with how we want to develop the company,” says Johan Pilskär, Rotera Kullager’s majority shareholder. “Becoming a part of Nomo and Axel Johnson International gives us the opportunity to continue grow our business.”
Nomo is a technical solution provider to industry, with operations in Sweden, Finland and Denmark. The company was founded in 1948 and has since developed a strong offer in bearings, transmissions and seals in the Nordic market. Nomo supplies products and services to OEM and MRO customers. The company has more than 100 employees and annual sales of approximately SEK 370 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International grows German fluid-handling service offer.
Axel Johnson International grows German fluid-handling service offer.
2018-02-01 AxFlow Germany, part of the Fluid Handling Solutions business group of Axel Johnson International, is strengthening its service offering with the acquisition of Pumpen Karrer. Pumpen Karrer is a family-owned company specialised in industrial equipment repair and maintenance, especially pumps. Its major business segments are chemicals, food & beverage, and building & construction.The acquired operations will become a regional base for AxFlow Germany service in the Allgau region west of Munich. Pumpen Karrer has been a KSB Pump service partner for 46 years, and AxFlow will take over the service agreement with KSB as part of the transaction.
The acquisition is in line with AxFlow’s strategy of adding value through product selection, system design and construction as well as local service. “Pumpen Karrer is a solid, well-respected service company,” says Ole Weiner, CEO of AxFlow Holding. “Bringing in the competence of their service technicians will reinforce our solution-provider strategy and allow us to better serve our German customers with more complete solutions.”
The benefits of the transaction flow in both directions, with cross-selling opportunities for both Pumpen Karrer and AxFlow. “Pumpen Karrer’s service business complements our pump business without overlapping,” says Georg Niebch, Managing Director, AxFlow Germany. “Their workshop will be used to reinforce AxFlow’s existing pump repair and maintenance business. Meanwhile, their service business can benefit from increased visibility through AxFlow’s market presence and field sales network.”
Founded in 1966, Pumpen Karrer is now owned by the founder’s son and daughter, who will continue to be involved in operations. “The company matches AxFlow’s values very well,” Niebch adds. “It is a good, independent service company with a long history, great team and excellent reputation. We are looking forward to building the business together.”
Pumpen Karrer’s CEO Roland Karrer also sees big benefits in working together. “We are very much looking forward to our future as part of AxFlow Germany, and we are sure that we can add an important part to the further development of this company,” he says.
AxFlow Germany is part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group specialises in the marketing, distribution and provision of complete sales engineering services for high-quality fluid-handling equipment. The AxFlow Group serves customers in the ceramics, chemical & petrochemical, food, pharmaceutical, pulp & paper, and water & waste water industries with equipment from world-leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 27 countries and has approximately 600 employees and an annual turnover of EUR 180 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International expands fluid handling service capacity in France
Axel Johnson International expands fluid handling service capacity in France
2018-01-16 AxFlow France, part of the Fluid Handling Solutions business group of Axel Johnson International, has taken a strategic step to strengthen its service capacity in the French fluid handling market with the acquisition of RDC Production. The acquisition is in line with AxFlow’s strategy of growing by adding value-added service as a differentiator from its competition. The transaction closed January 12.RDC specialises in industrial equipment service and maintenance for pumps, heat exchangers, homogenizers, and valves. It also conducts integrity tests on exchangers and tanks and offers multi-brand equipment, spare parts and tailor-made systems. Based in the west of Paris, RDC operates in well equipped, modern facilities with 43 employees which include many highly skilled technicians with the expertise to take on a broad range of service applications.
“RDC is a solid, well-respected provider of fluid handling service for the food, pharma, chemicals, petrochemicals and cosmetics – all important business segments for AxFlow,” says Ole Weiner, CEO of AxFlow Holding. “Adding RDC’s expertise in service will reinforce our solution-provider strategy and allow us to improve the service offer in the French market.”
Meanwhile, RDC is expected to benefit from the increased visibility and sales activity generated through AxFlow sales staff as well as through knowledge-sharing between the companies.
“Joining an internationally renowned group like AxFlow is a real opportunity for RDC Productions to develop! We are honoured to now be a part of it," says Raymond Chevallier, "This will offer great opportunities to our staff, and our future together will ensure sustainable and profitable growth. RDC and AxFlow are two complementary companies, and the synergy of their know-how will be the key to success.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
AxFlow France has been active in the French market for nearly 30 years. It is part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group is active in 27 countries and has approximately 600 employees and an annual turnover of EUR 180 million.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International acquires TMT. Malinen
Axel Johnson International acquires TMT. Malinen
2018-01-09 Axel Johnson International’s Transport Solutions business group is strengthening its position in the Nordic market for commercial vehicle components by acquiring TMT. Malinen Oy, effective January 2. With EUR 13 million in sales, TMT. Malinen is the region’s market leading manufacturer and distributor of aluminium, steel, and plastics components and systems for the body builder industry.TMT. Malinen has a market presence in Finland, Sweden and Baltics plus some minor exports. Its headquarters are located in Lahti, Finland. The group has approximately 50 employees in three companies: TMT. Malinen Oy (Lahti), Trailerkomponenter AB (Mjölby) and TMT. Malinen Baltic Oü (Tallinn).
The company was established in 1958 by Toivo Malinen. Today, the second and third generations of the Malinen family are active in the company and will continue to lead the businesses going forward.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Erik Eklöv, Managing Director of Transportation Solutions, Axel Johnson International,
+46 (0)70 202 939, erik.eklov@axinter.com
Keijo Malinen, Managing Director of TMT Malinen, keijo.malinen@tmt.fi,
+358 (0)500 494 513
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Lifting Solutions appoints new Managing Director for Haklift Baltic
Lifting Solutions appoints new Managing Director for Haklift Baltic
2018-01-01Effective January 1, Axel Johnson International’s Lifting Solutions business group has appointed Rain Kallas Managing Director of Haklift Baltic, one of the business group’s Estonian companies. He reports to Stefan Jagelid, Regional Director of Baltic Sea, Lifting Solutions’.
Kallas has been working at Haklift Baltic since it was founded more than 20 years ago. He has been responsible for purchasing and has played an important role in the company’s development into one of the lifting industry’s leading players in Estonia.
“I am looking forward to having Rain lead the team and take on the challenge of continuing Haklift Baltic’s development,” Jagelid says.
Axel Johnson International’s Lifting Solutions business group is a global player in lifting equipment, steel wire rope, height safety equipment and related services. The business group today has 25 companies in 15 countries across Europe, with annual sales of EUR 290 million.
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
AxFlow Holding appoints new Managing Director for AxFlow France
AxFlow Holding appoints new Managing Director for AxFlow France
2018-01-01 AxFlow Holding, the Fluid Handling Solutions business group of Axel Johnson International, has appointed Guillaume Chanay Managing Director of AxFlow France, effective January 1.“Guillaume is well prepared to lead AxFlow France. His leadership skills and his deep experiences across the entire value chain of our business uniquely qualify him to step into this role.” says Ole Weiner, CEO of AxFlow Holding. “He is well-respected among his colleagues at AxFlow France and throughout the AxFlow organisation.”
Chanay will succeed Bruno Breard, who quits the position as Managing Director of AxFlow France and continues as senior management advisor to ensure a smooth management transition. Breard also remains in his role as AxFlow Holding’s Regional Manager of Europe South.
AxFlow Holding, the Fluid Handling Solutions business group within Axel Johnson International. With 600 employees and sales of EUR 180 million, AxFlow holding is today one of the leading distributors of high-quality industrial fluid-handling equipment in Europe and South Africa. AxFlow established operations in France in 1990.
For further information, please contact:
Ole Weiner, CEO, AxFlow Holding, +46 (0)8 545 476 72, ole.weiner@axflow.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International enters Baltics fluid-handling market
Axel Johnson International enters Baltics fluid-handling market
2017-12-21 AxFlow Holding, the Fluid Handling Solutions business group of Axel Johnson International, has entered the market in Estonia, Latvia and Lithuania by acquiring Bahr Pump OU (Estonia), Pumptechnique SIA (Latvia) and Flow Technologies UAB (Lithuania). The transaction closed December 20.“Although we have built a strong market position in Europe over nearly 30 years, the Baltic market has always been a white spot for us,” says AxFlow Holding’s CEO, Ole Weiner. “Bahr Pump, Pumptechnique and Flow Technologies fit perfectly with our growth strategy which is based on finding great local companies that we can make even better together with the local team.”
AxFlow’s move is also in line with Axel Johnson International’s long-term strategy of acquiring well-established companies with highly skilled entrepreneurs, and growing the businesses together with the entrepreneurs.
“All three companies have strong management teams, highly skilled personnel, strong sales networks, and long, solid experience in their local markets,” Weiner says.
Most of the brands that the companies represent are already represented by AxFlow, which is expected to create supply-chain efficiencies and opportunities for sharing application knowledge.
The companies see clear advantages in being supported by AxFlow’s resources. “We see large potential to grow in our markets by leveraging on AxFlow’s strengths such as common distribution centre, application knowledge sharing and supply-chain efficiencies,” says Uku Liive, founder of Bahr Pump and part-owner of Pumptechnique and Flow Technologies. “There will also be possibilities to add other products to our portfolio in the future.”
AxFlow, the Fluid Handling Solutions business group within Axel Johnson International, specialises in the marketing, distribution and provision of a complete sales engineering services for high quality fluid handling equipment. AxFlow serves customers in the ceramics-, chemical- & petrochemical-, food-, pharmaceutical-, pulp & paper- and water & waste water industries with equipment from world leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 27 countries, it has approximately 600 employees and an annual turnover of EUR 180 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
Axel Johnson International strengthens presence in Nordic Power Transmission Market
Axel Johnson International strengthens presence in Nordic Power Transmission Market
2017-12-19 Axel Johnson International is strengthening its mechanical power transmissions business in the Nordics by acquiring five companies with a combined turnover of EUR 40 million from the Finnish SKS Group. The companies are market leading in their niches, offering premium products and services to the Nordic machine and equipment-building industry.When the transaction is finalised, the five companies will operate as their own group under the SKS brand name within Axel Johnson International’s Industrial Solutions business group.
“This acquisition is a perfect match with our growth strategy of acquiring market leading distributors with a high degree of technical know-how and competence in mechanical power-transmission solutions,” says Ola Sjölin, Managing director of Industrial Solutions. “It is also in line with Axel Johnson International’s aim to be technical solution providers.”
The acquisition is expected to create opportunities to introduce new components to other companies within Axel Johnson International, broadening the offering in power transmission products and complementing the current product portfolio.
Axel Johnson international’s strategy is to find well managed companies and develop them together with the existing management. As part of this, Jouni Kaukonen, currently the managing director of Mechatronics and Mekaniikka, will become CEO of the combined SKS group.
“I am very excited about the opportunity to continue to develop SKS Group in an international environment with industrial owners who have a long-term perspective on business,” Kaukonen says. “We have been a privately owned group for years and to come into a family owned group with a clear growth agenda gives an opportunity to nurture what we have created but also give new opportunities.”
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director, Industrial Solutions,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.