Axel Johnson International strengthens power transmission solutions offering in the Czech Republic
Arkov, part of Axel Johnson International’s business group Power Transmission Solutions, strengthens its position in the Czech Republic market by the acquisition of TPB spol. s r.o., effective 27 February 2020. TPB is a local distributor of bearings and other power transmission products and is specialised in the bearing aftermarket.“The acquisition of TPB is in line with our business group strategy of growing geographical presence in our existing markets. TPB is an ideal add-on to Arkov as there are considerable synergies between both companies” says Ola Sjölin, Managing Director, Power