AxFlow Grows with Strategic Acquisition in Sweden
Specialist in positive displacement pumps, fluid handling systems and related services, 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.”
Source: AxFlow Group
