Axel Johnson International acquires IOW Group
Axel Johnson International has signed an agreement to acquire a majority of the shareholdings in the IOW Group of companies, with presence in Poland, Bulgaria, Czech Republic and the Baltic countries. The IOW Group, with revenues of EUR 27 m and approximately 130 employees, is a leading distributor and service provider of mobile drivetrain systems, hydraulics, cooling systems and filter technologies in Central and Eastern Europe.IOW Group was established in 1993 and has a long-term relationship with its customers and suppliers. The customers are mainly Original Equipment Manufacturers (OEMs)