Axel Johnson International extends its offering in power transmission solutions in Slovenia
Axel Johnson International’s business group Power Transmission Solutions has acquired Bell d.o.o., effective 19 December 2019. Bell is a leading Slovenian provider of power transmission products and services since more than 30 years.
“Entering the Slovenian market by the acquisition of Bell is well in line with our business group strategy for expanded geographical presence and further strengthened market offering in services and technical expertise. The Slovenian market offers many structural advantages for the power transmission industry, which caters for good long-term growth prospects”, says Ola Sjölin, Managing Director, Power Transmission Solutions.
Founded in 1989, Bell is a well-positioned multi-brand distributor of bearings and other power transmission products in the Slovene market. Located in Miklavž na Dravskem polju, close to Maribor in north-eastern Slovenia, Bell is able to serve the whole of Slovenia but also its neighbouring countries such as Austria, Italy, Hungary and Croatia. During the last 30 years, the company has built up long-standing strong relationships with both customers and suppliers in its markets thanks to its technically skilled and experienced workforce. The company represents premium product brands and has a smaller service and repair offering of industrial applications.
“We are happy to become part of Axel Johnson International since the company culture and core values are similar to ours. Bell’s core business fits right in with that of the Power Transmission Solutions business group which will enable Bell to grow and find new ways forward,” says Lidija Lepej, Managing Director of Bell.
For further information, please contact:
Hans Glemstedt, Head of Group Strategy and M&A
+46 70 844 59 48, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director, Power Transmission Solutions
+46 706 67 24 68, ola.sjolin@axinter.com
Ida Borgström
Head of Communications
ida.borgstrom@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 110 companies in 27 countries, with combined annual sales of EUR 960 million. 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 five business groups: 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. www.axinter.com