Axel Johnson International Expands Power Transmission Portfolio with Strategic Acquisition of Drivma AB
Axel Johnson International’s business group, Power Transmission Solutions, strengthens its position within sealing technology by acquiring Drivma. The acquisition is made by Swedish company Sverull ElektroDynamo AB and fully aligns with its long-term strategy of becoming a full-range provider of power transmission products and services. Drivma has built its brand over decades through its skilled employees and product knowledge, which has generated a market-leading position.
Sverull has grown its business organically and through acquisitions, with the main purpose of building a group that is stronger together, and who serves the customers in the best possible way. Sverull and Drivma are highly complementary businesses, with Drivma adding expert skills and tools to support the customers when selecting the right sealing solutions. The strategic acquisition of Drivma, aligns with Sverull’s long-term vision and commitment to grow the expertise within seals. An acquisition which will strengthen both companies’ offering to the market, with several synergistic opportunities towards new and existing OEM customers. Sverull sees immense potential in scaling the business, providing a pathway for further growth when creating additional value for customers.
Fredrik Stjernholm, Managing Director at Sverull, comments: “The acquisition of Drivma is an important step in our strategic growth plan. The synergies between our companies are remarkable, and we are excited about the opportunities this brings to our customer offer. Drivma’s knowledge in seals complements our strengths, and together, we see a great growth potential within the power transmission sector.”
The acquisition enables both companies to further strengthen their offering in Sweden, in a market segment with great growth potential. Drivma’s comprehensive range of sealing products, strong revenue growth, and diversified supplier base make it an ideal fit for Axel Johnson International’s strategic goal to grow in selected niche markets.
Drivma, located just outside Jönköping, has been a unique player in the sealing market since its establishment in 1984. The company is a specialised distributor of sealing products, with a strong presence in southern Sweden. Their commitment to comprehensive power transmission solutions has made them a trusted partner in the industry.
Sverull stands as a leading player in the sector of industrial services and product distribution, specialising in expertise in electromechanics, bearings, transmissions, and seals. The offerings span from product delivery, assembly, maintenance, and repairs. Operating across multiple locations in Sweden, Sverull maintains a network of local service workshops and warehouses to facilitate prompt and professional support to their customers.