Axel Johnson International expands Polish cargo securing business
Axel Johnson International’s Transport Solutions business group is strengthening its position in the Polish market for lifting and cargo securing by acquiring IWRC Sp. z o.o. The acquisition was completed on January 3.
IWRC sells commercial wire rope to distributors and lifting & lashing products to distributors and end-users. They also provide maintenance and technical consulting from their base in Włocławek.
Founded in 2012, IWRC had sales of PLN 2.5 million in 2017 and strong growth in 2018. It will become part of Forankra Poland, a fast-growing member of the Transport Solutions group.
“We are very pleased that the two founders, Przemyslaw Banas and Mariusz Minta, have agreed to continue in their positions and continue to develop the business with Forankra Poland,” says Transport Solutions Group MD Erik Eklöv. “Their 25 years of experience is the key to IWRC’s rapid success and good reputation.”
Forankra Poland’s Managing Director, Maciej Nowoswiecki, sees great opportunities for both companies. “IWRC will increase Forankra Poland’s ability to develop end-user sales and wire rope sales on the Polish market,” he says. “Forankra Poland, on the other hand, will give IWRC access to a larger assortment of steel wire rope and lifting equipment as well as an extensive sourcing network.”
This acquisition is part of Transport Solutions’ strategy for growth in the Polish market. Poland is one of Europe’s most successful economies, where ongoing investments in construction and infrastructure projects have created demand for quality products in lifting and cargo securing.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, email@example.com
Erik Eklöv, Managing Director of Transportation Solutions, Axel Johnson International,
+46 (0)70 202 939, firstname.lastname@example.org
Maciej Nowoswiecki, Managing Director of Forankra Poland,
+48 690 303 733, Maciej.Nowoswiecki@forankra.pl
Head of Communication / Project Manager Strategy and M&A
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in five business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, Power Transmission Solutions and Transport Solutions.