Press release -
Axel Johnson International acquires Norwegian distributor and process instrument specialist Process Partner
The acquisition of Process Partner AS strengthens the market position of Axel Johnson International’s fluid handling equipment business in the Nordics.
Axel Johnson International’s business group AxFlow is Europe’s leading distributor of high quality fluid handling equipment and related services for process industries. AxFlow currently has 570 employees, annual sales of 175 MEUR and operations in 27 countries in Europe and in South Africa. In Norway, AxFlow is a market leader in positive displacement pumps and process instruments mainly towards the oil- and offshore and water- and wastewater segments.
"For some time, Axflow has been actively seeking to expand its product and services portfolio, particularly within highly advanced industrial process instruments. With the acquisition of Norwegian Process Partner, AxFlow adds a distributor representing many leading product brands, certified inspection resources and strong customer relations within the oil- and offshore industry in Norway and abroad", says AxFlow’s CEO Ole Weiner.
Process Partner was founded in 1998. The company has 6 employees, a turnover of 62 MNOK and is based in Larvik south of Oslo.
"Process Partner offers a great complement to AxFlow’s current operations in Norway and adds knowledge, skills and services important to the continued development of our business. It is also an entrepreneurial company that will fit well into the Axel Johnson International group of companies", says Niklas Enmark, acting CEO and President of Axel Johnson International.
For further information, please contact:
Niklas Enmark, CEO and President (acting), Axel Johnson International, +46 (0)8 453 77 00, niklas.enmark@axinter.se
Ole Weiner, CEO, AxFlow, +46 (0)8 545 476 72, ole.weiner@axflow.com
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Axel Johnson International is a privately owned industrial group offering development and growth opportunities for aspiring technology businesses.
The more than 90 companies that today make up Axel Johnson International are all experts in their respective segments, adding value by improving the efficiency, reliability, quality and safety of industrial operations. Their services range from efficient distribution of industrial products to maintenance, support and customised technical solutions.
Headquartered in Stockholm, Sweden, the Axel Johnson International group of companies has 2,640 employees, annual sales of 7 MEUR, and operations in more than 25 countries. www.axinter.com
