Axel Johnson International's subsidiary Sverull acquires majority shareholding in EMC Elmotorcentralen

Sverull ElektroDynamo AB, part of Axel Johnson International's business area Power Transmission Solutions, strengthens its position in Skellefteå through the acquisition of the majority shareholding in EMC Elmotorcentralen. As of January 2, 2023, EMC will operate as a subsidiary of Sverull.

"The acquisition of the majority in EMC strengthens our position in Skellefteå and is fully in line with our strategy to offer our customers both products and services. EMC is a very well-run company with experienced and competent staff." says Fredrik Stjernholm, CEO of Sverull.

EMC was founded in Skellefteå in 1948 and specializes in sales and repair of electromechanical equipment, with a focus on remanufacturing and rewinding of motors. EMC collaborates with market-leading suppliers such as ABB, VEM, Busck and Xylem. The clientele is concentrated in the Skellefteå region and with its long experience in the industry, EMC has a good relationship with their customers and holds a strong market position in the region.

"Sverull and EMC both work with similar customers and discussions about a transaction have been ongoing over the past year. We see that our and Sverull's way of working is very similar, which has been of great importance in this deal. With Sverull's expertise and product portfolio, we are fully convinced that EMC as a company will continue to develop positively", says Robin Gyllengahm, CEO of EMC.

The transaction will become effective on January 2, 2023.

For further information, please contact:

Fredrik Stjernholm
VD Sverull ElektroDynamo AB
0770- 22 14 13
fredrik.stjernholm@sverull.se

Robin Gyllengahm
VD AB Elektriska Motorcentralen EMC
070-688 53 58
robin.gyllengahm@elmotorcentralen.se

Axel Johnson International is a global industrial group of  more than 190 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 Automation, Lifting Solutions, Power Transmission Solutions and Transport Solutions. We are part of the Swedish family-owned corporate group Axel Johnson. www.axinter.com