Axel Johnson International acquires Swedish vehicle component distributor CDS Produkter AB
Axel Johnson International’s business group Transport Solutions strengthens its position in the Nordic market by the acquisition of the Swedish company CDS Produkter AB (CDS), effective June 1st. CDS is a reseller of vehicle components, mainly lights to cars and heavy commercial vehicles.
“The addition of CDS is part of our business group strategy for continued expansion on the growing aftermarket for vehicle lighting. It’s a well-run and profitable company that will make a good addition on its own but will also enable synergies with the other companies in our group,” says Erik Eklöv, Managing Director, Transport Solutions.Founded in 1980 and headquartered in Kungälv, north of Gothenburg, CDS is a reseller of vehicle components, mainly lights to cars and heavy commercial vehicles. CDS has a good company culture and has built up strong long-term relationships with customers and suppliers. The company supplies both private label products, white labeled products and products from well renowned global manufacturers. Their own private label brand” CAD”, launched in 2005, has had a great growth journey and now generates a significant part of the company’s sales and there is potential for further expansion.
“We’re glad to become part of Axel Johnson International, a big industrial group will bring us great stability and strength as well as considerable opportunities for future growth,” says Samuel Carlsson, owner and CEO of CDS.
For further information, please contact:
Erik Eklöv, Managing Director, Transport Solutions
+46 703 20 29 39, email@example.com
Hans Glemstedt, Head of Group Strategy and M&A
+46 70 844 59 48, firstname.lastname@example.org
Axel Johnson International is a global industrial group of more than 150 companies in 30 countries. We drive business development and growth through a long-term approach to ownership in strategically selected niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in six business groups: Driveline Solutions, Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, Power Transmission Solutions and Transport Solutions. We are part of the Swedish family-owned corporate group Axel Johnson.