Axel Johnson International strengthens its presence in the Norwegian power transmission market
Nomo Group, part of Axel Johnson International’s business group Power Transmission Solutions, strengthens its position in the Norwegian market by the acquisition of ABRA Kulelagersenteret AS, effective 4 May. ABRA is a leading distributor of premium bearing brands, mainly serving the MRO segment.
“The acquisition of ABRA is well in line with our business group strategy for expanded geographical presence in our existing markets. ABRA is an excellent fit for Nomo Group as we have identified multiple value creation opportunities for the two companies to tap into,” says Ola Sjölin, Managing Director, Power Transmission Solutions.
Established in 1962, ABRA is a Norwegian leading distributor of premium bearing brands. The company is based in the south of Trondheim and serves mainly the Norwegian MRO market, complementing Nomo’s geographical presence in Norway. ABRA has a leading market position and is known as a multi-brand distributor with high availability and service levels. Its offering is primarily focused on rolling bearings along with seals and other related power transmission products.
“The addition of ABRA enables us to strengthen Nomo’s position in the Norwegian market and it is a perfect complement to Rotek, our existing operation in Ålesund. As a MRO focused distributor of premium bearing brands, ABRA is strategically very much aligned with the rest of Nomo Group,” says Mattias Jaginder, CEO of Nomo Group.
For further information, please contact:
Ola Sjölin, Managing Director, Power Transmissions Solutions
+46 706 67 24 68, email@example.com
Mattias Jaginder, CEO, Nomo Group
+46 705 75 08 07, firstname.lastname@example.org