AxFlow grows with strategic acquisition in Sweden
AxFlow, extends its product portfolio and Swedish market coverage with the acquisition of Esspump AB.
With 570 employees and sales of 175 MEUR, AxFlow is the largest distributor of high quality industrial fluid handling equipment in Europe and South Africa. The addition of Swedish Esspump is strategically important.
"Both AxFlow and Esspump are known for their products technology and application knowledge. Our expertise and strong customer and supplier relations give us a strong market position in Sweden. The two companies complement each other well. Together we will be able to offer our customers a much wider range of products and more extensive services and technical solutions", says Fred Lindecrantz, Managing Director of AxFlow AB in Sweden.
"AxFlow represents a number of leading pump manufacturers including Mono, Nash, Waukesha, Hermetic, Blackmer and Maag. With the addition of Esspump, our product range is extended to also include equipment from Wilden, Almatec, OBL, Mouvex, System One and Quattroflow", continues Fred Lindecrantz.
Niklas Holmstedt, Managing Director of Esspump, is equally as enthusiastic about the acquisition commenting: "The synergy of complimentary products, strong technical and application knowledge resulting from this acquisition and the international resources available from AxFlow will bring considerable benefits for our customers and new business prospects."
AxFlow AB, Sweden was established in 1991. Since then it has established itself as a major force in the chemical, mining, pulp and paper and water and wastewater, food and pharmaceuticals industries. The acquisition of Esspump AB makes AxFlow AB one of the largest distributors of positive displacement pumps in Sweden.
For more information, contact:
Ole Weiner, CEO, AxFlow Holding AB, +46 (0)8 545 476 72, email@example.com
Fred Lindecrantz, Managing Director, AxFlow AB, +46 (0)738 33 15 40, firstname.lastname@example.org
Niklas Holmstedt, Managing Director, Esspump AB, +46 (0)70 672 22 12, email@example.com