Axel Johnson International acquires Acorn Industrial Services
With the acquisition of industrial parts distributor Acorn Industrial Services Group, Axel Johnson International strengthens its position in the UK market and takes an important step in growing its business within bearings and transmissions.
Acorn Industrial Services Group is a distributor of bearings, linear systems, power transmission and related services. Founded in 1983, the company has grown into a respected industrial parts distributor of quality products from industry leading manufacturers. The company has 9 sales branches throughout the UK and an e-commerce platform supporting customers throughout Europe. Acorn is well-known for its high technical competence, excellent logistics and market leading e-commerce platform. Annual sales amounts to 21 MGBP, the number of employees is approximately 100.
Acorn directors Martin Povey and Des Spillings will continue to lead and drive forward the company’s continued growth strategies. “Acorn has grown tremendously over the last 10 years and to continue our growth, and more importantly, to grow at a quicker pace, we needed to align ourselves with a business that could bring with it skills and resources that we do not have currently. With the European market place changing and consolidating quicker than at any time in the past 20 years, we had to find the right partner for the future and we believe Axel Johnson International to be this partner”, says Des Spillings, Managing Director of Acorn Industrial Services Group.
“Acorn fits very well into the structure of our business and will be a valuable addition in our ambition to grow the bearings and transmissions business. Over the years, Axel Johnson International has invested in many leading niche players with strong positions in local markets and outstanding customer relations, companies that continue developing and thriving in their new setting”, says Mats R. Karlsson, CEO and President of Axel Johnson International.
Acorn Industrial Services Group will be a part of the business group AxIndustries, specialists in bearings, transmissions and related services. "We see opportunities for continued growth, valuable synergies and promising partnerships with our other group companies. The addition of Acorn strengthens our customer offering and increases our geographical coverage, making us a more interesting partner for both customers and suppliers", says Ola Sjölin, CEO of AxIndustries.
For further information, please contact:
Mats R. Karlsson, CEO and President, Axel Johnson International AB, +46 (0) 8 453 77 00
Ola Sjölin, CEO, AxIndustries, + 46 (0) 70 667 24 68
Des Spillings, Managing Director, Acorn Industrial Services Group Ltd., +44 (0) 1709 789912, dspillings@acorn-ind.co.uk
Åsa Holmgren
Head of Communication, Sustainability and HR
+4684537712
asa.holmgren@axinter.se
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