Axel Johnson International grows offering in power transmission solutions in Denmark
Jens S Group, part of Axel Johnson International’s business group Power Transmission Solutions, has through its subsidiary Jens S. Transmissioner A/S signed an agreement to acquire Hoyer Transmissions. The acquisition is expected to close sometime in March, 2020. Hoyer Transmissions is a leading Danish distributor of mechanical transmission products.“The acquisition of Hoyer Transmissions is well in line with our business group strategy for expanded geographical presence as well as an excellent fit and add-on to Jens S current business” says Ola Sjölin, Managing Director, Power Transmission