Axel Johnson International acquires Spanish steel wire rope and lifting equipment distributor Cables y Eslingas

With the acquisition of Cables y Eslingas, Axel Johnson International strengthens the market market position for its lifting, anchoring and cargo securing business and gains an important foothold in the Spanish market. An asset purchase agreement of the rights to the Cables y Eslingas brand and all interests in the distribution of lifting and steel wire ropes was signed April 29.

Cables y Eslingas will be part of Axel Johnson International’s business group AxLoad, specialists in steel wire ropes, lifting and cargo securing solutions for industry. Over the last decade, strong organic growth has been combined with a number of strategic acquisitions throughout Europe and today the AxLoad business group has annual sales of 350 MEUR and operations in 15 countries.

Founded in 1969, Cables y Eslingas is one of Spain’s largest providers of steel wire ropes, lifting slings and lifting accessories for heavy industry, building and construction, transportation, fishing and energy. The company has eight strategically located sales and distribution branches throughout the country (including in the Canary Islands) and a joint logistics centre at its headquarter in Barcelona. The Cables y Eslingas team is respected for its extensive product, application and safety know-how, efficient logistics and longstanding customer relations. Annual sales amounts to 20 MEUR and the number of employees is approximately 100.

General manager Viçens Lozano and his team will continue leading the operations going forward: “Over the years, we have built an efficient distribution business providing our industrial customers with lifting products, services and safety know-how to help improve their operations. This new context will allow us to continue developing the product and service offering to our home market while ensuring the best possible conditions for our business”, says Mr Lozano.

“Within Axel Johnson International we aim to combine the agility and entrepreneurial drive of our individual companies with the structure, scale and stability of a larger corporation. Cables y Eslingas fits excellently into our group of specialist distributors with its product and service offering, sales network and solid customer relations”, says Mats R. Karlsson, President and CEO of Axel Johnson International.

“The team at Cables y Eslingas brings with them longstanding and trustful customer relations built on application and safety expertise, customer responsiveness and efficiency. We see great opportunities for expansion as we leverage on strengths and synergies to create an even more competitive offering to the market. Furthermore, the addition of Cables y Eslingas provides a valuable platform for expanding our activities in south-western Europe and I very much look forward to the future development of our joint business”, says Martin Malmvik, CEO of AxLoad.

For further information, please contact:
Mats R. Karlsson, CEO and President, Axel Johnson International, +46 (0)8 453 77 00, mats.karlsson@axinter.com
Martin Malmvik, CEO, AxLoad, +46 (0)70 838 55 98, martin.malmvik@axload.com
Viçens Lozano, General Manager, Cables y Eslingas, +34 935 92 41 83, vicens.lozano@cyesa.com

Åsa Holmgren
Head of Communication, Sustainability and HR
+4684537712
asa.holmgren@axinter.se
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

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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. www.axinter.com

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