Axel Johnson International grows offering in power transmission solutions in Denmark
Jens S Group, part of Axel Johnson International’s business group Power Transmission Solutions, has through its subsidiary Jens S. Transmissioner A/S signed an agreement to acquire Hoyer Transmissions. The acquisition is expected to close sometime in March, 2020. Hoyer Transmissions is a leading Danish distributor of mechanical transmission products.
“The acquisition of Hoyer Transmissions is well in line with our business group strategy for expanded geographical presence as well as an excellent fit and add-on to Jens S current business” says Ola Sjölin, Managing Director, Power Transmission Solutions.
Founded in 1974, Hoyer Transmissions is a well-established provider of mechanical transmission products with its main business and offices located in Hadsten, Jutland. The company mainly serves the Scandinavian and German markets. As a leading Danish distributor, Hoyer Transmissions has a well-known supplier base and offers a wide product portfolio. Hoyer Transmissions will be divested from Hoyer Group and become part of Jens S Group.
”The addition of Hoyer Transmissions to Jens S. Transmissioner in Denmark is an important step in consolidating the Danish market. It enables a synergistic approach for both companies and offers existing and potential customers a greater range of products and increased local presence” says Johan Benzler, Division Manager, Power Transmission Solutions and Managing Director at Jens S. Group.
Welcoming the acquisition, Peder Mørch, Business Unit Director of Hoyer Transmissions said: ”I’m keen to be a part of this next step for Hoyer Transmissions and together with Jens S. we now have an even stronger position in the transmissions market”.
For further information, please contact:
Ola Sjölin, Managing Director, Power Transmission Solutions
+46 706 67 24 68, email@example.com
Johan Benzler, Division Manager, Power Transmission Solutions and Managing Director, Jens S. Group
+46 11 19 80 79, firstname.lastname@example.org
Marketing & Communications Manager - Power Transmission Solutions
Axel Johnson International is a global industrial group of more than 120 companies in 28 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: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, Power Transmission Solutions, Transport Solutions and Driveline Solutions. We are part of the Swedish family-owned corporate group Axel Johnson.