Axel Johnson International acquires Sternhammar
Axel Johnson International is strengthening its position in the Nordic region by acquiring vehicle component distributor Sternhammar. Sternhammar will be a part of Axel Johnson International’s business group Industrial Solutions and a sister company to ABKATI and Widni. Hans Svensson has been appointed acting Manging Director of Sternhammar, effective September first.
Sternhammar, with SEK 63 million in revenue and approximately 20 employees, have a recognised brand name in Sweden and a history of growing market share. The company is a leading distributor of vehicle components with a focus on personal protective equipment, general supply components, and lighting products.
Sternhammar was established in 1938 in Örebro and has long-term relationships with customers and suppliers. The company was acquired from two brothers, Per and Erik Jonsson, who have been the owners since 2010.
“Sternhammar offers a great complement to our existing business within vehicle components and strengthens our position in the Nordic region,” says Ola Sjölin, Managing Director of Industrial Solutions and new Chairman of Sternhammar. “Sternhammar is a well-managed company that will fit well into the Axel Johnson International group of companies
“I would also like to welcome Hans Svensson as new acting Managing Director for Sternhammar. With his extensive experience in distribution of vehicle components, latest as MD for VEGE Motor in Helsingborg, Hans will contribute to further developing Sternhammar”.
The acquisition was closed September first, 2017.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, email@example.com
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, firstname.lastname@example.org
Project Manager Strategy & Communication
Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries, with combined annual sales of €750 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: Cargo Securing Solutions, Fluid Handling Solutions, Industrial Solutions and Lifting Solutions.