Axel Johnson International acquires Egil Verne, Norwegian distributor of vehicle components
Axel Johnson International’s Transport Solutions business group is strengthening its position in the Norwegian market for commercial vehicle components by acquiring Egil Verne AS, effective March 1. With approximately NOK 100 million in sales and 15 employees, Verne is a leading distributor of vehicle components in Norway, focusing on lighting and electrical vehicle components.
“With Verne in our group, we will be one of the leading distributors of vehicle components in Scandinavia. Together, we will be able to offer our customers a more comprehensive product range,” says Erik Eklöv, Managing Director of Transport Solutions. “Verne has a long-term relationship with its customers and suppliers and is a well-managed company that will fit well into our organisation.”
Verne was established in 1950 and is a well-known brand in Norway. Arno Berg acquired the company in 1992. Arno Berg will continue as CEO and remain a minority shareholder of the company.
“Becoming a part of Axel Johnson International will allow us to widen our product range and strengthen our market concept,” Arno Berg says. “Verne’s knowledge of the Norwegian market combined with Axel Johnson International know-how of the industry and financial strength will give us strong support for future development”
The Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components. It includes ABKATI, Eigenbrodt, Sternhammar, TMT. Malinen, Trailerkomponenter, Widni, Forankra group and allsafe, with total sales of EUR 150 million in 2017.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, firstname.lastname@example.org
Erik Eklöv, Managing Director of Transportation Solutions, Axel Johnson International, +46 (0)70 202 939, email@example.com
Arno Berg, CEO of Egil Verne AS, +47 22 30 68 00, firstname.lastname@example.org
Head of Communication / Project Manager Strategy and M&A
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.