Axel Johnson International grows German fluid-handling service offer.
AxFlow Germany, part of the Fluid Handling Solutions business group of Axel Johnson International, is strengthening its service offering with the acquisition of Pumpen Karrer. Pumpen Karrer is a family-owned company specialised in industrial equipment repair and maintenance, especially pumps. Its major business segments are chemicals, food & beverage, and building & construction.
The acquired operations will become a regional base for AxFlow Germany service in the Allgau region west of Munich. Pumpen Karrer has been a KSB Pump service partner for 46 years, and AxFlow will take over the service agreement with KSB as part of the transaction.
The acquisition is in line with AxFlow’s strategy of adding value through product selection, system design and construction as well as local service. “Pumpen Karrer is a solid, well-respected service company,” says Ole Weiner, CEO of AxFlow Holding. “Bringing in the competence of their service technicians will reinforce our solution-provider strategy and allow us to better serve our German customers with more complete solutions.”
The benefits of the transaction flow in both directions, with cross-selling opportunities for both Pumpen Karrer and AxFlow. “Pumpen Karrer’s service business complements our pump business without overlapping,” says Georg Niebch, Managing Director, AxFlow Germany. “Their workshop will be used to reinforce AxFlow’s existing pump repair and maintenance business. Meanwhile, their service business can benefit from increased visibility through AxFlow’s market presence and field sales network.”
Founded in 1966, Pumpen Karrer is now owned by the founder’s son and daughter, who will continue to be involved in operations. “The company matches AxFlow’s values very well,” Niebch adds. “It is a good, independent service company with a long history, great team and excellent reputation. We are looking forward to building the business together.”
Pumpen Karrer’s CEO Roland Karrer also sees big benefits in working together. “We are very much looking forward to our future as part of AxFlow Germany, and we are sure that we can add an important part to the further development of this company,” he says.
AxFlow Germany is part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group specialises in the marketing, distribution and provision of complete sales engineering services for high-quality fluid-handling equipment. The AxFlow Group serves customers in the ceramics, chemical & petrochemical, food, pharmaceutical, pulp & paper, and water & waste water industries with equipment from world-leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 27 countries and has approximately 600 employees and an annual turnover of EUR 180 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, ole.weiner@axflow.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, lars.carlson@axflow.com
Viktor Skargren
Project Manager M&A, Strategy & Communication
viktor.skargren@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries, with combined annual sales of EUR 750 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 four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.
www.axinter.com
