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AxFlow grows its business in the Balkan region by the acquisition of VIP Tehnika, Slovenia

Friday, May 10, 2019

AxFlow GesmbH Austria, part of the AxFlow Group, has announced its acquisition of VIP Tehnika, the experts in sales and service of pumps for water and waste water applications.

The well-established business is located in Maribor, Slovenia, some 40km from AxFlow's office in Graz, and provides AxFlow with a second base from which to grow its operations in Balkans, in particular, Slovenia, Croatia and Serbia and in Austria.

VIP Tehnika, found in 1991, is a distributor of centrifugal pumps like Xylem Lowara, Xylem Vogel, Calpeda, Pedrollo. Its main activities cover sales, installation, commissioning, pump repairs, assembly, and system integration. A further significant offering is its capabilities to design and manufacture small pump systems, including control panels for protection of pumps and regulation of constant pressure or flow. Pump servicing and repairs can be provided both on-site and in the company's own state-of-the-art service centre and stock management facility.

Announcing this new acquisition, Andreas Lippitsch, Managing Director, AxFlow GesmbH said: "With almost 30 years of experience in selling and servicing centrifugal pumps, VIP Tehnika is a perfect fit for AxFlow Austria and our positive displacement pump portfolio. Furthermore, VIP Tehnika brings to the table a highly skilled and professional workforce and a well-equipped, modern service facility. Like AxFlow, VIP Tehnika operates in the food, beverage, industrial and chemical sectors, but its particular strength is its presence in water and waste water markets."

Božo Himelrajh, Managing Director and founder of VIP Tehnica comments the acquisition:
"For us, this acquisition means a new challenge, access to new technical knowledge and new business connections. We also see possibilities of selling our products in new markets outside of the Balkans and learning new market approaches from the best.''

"The acquisition is a strategic move that enables a synergistic approach for both companies and enables AxFlow Austria to expand its geographical presence and for both operations to offer existing and potential customers a greater range of products and support services," says Ole Weiner, CEO, AxFlow Holding.

For further information, please contact:
Ole Weiner, CEO of AxFlow Holding,+46 (0)8 545 476 72, 
Lars Carlson, CFO of AxFlow Holding, +46 (0)702 74 05 35, 
Andreas Lippitsch, Managing Director, AxFlow GesmbH, +43 316 68 35 09 13, 
Božo Himelrajh ing. el., Managing Director and founder, VIP Tehnica d.o.o., +386 (0)2 630-08-50,