Axel Johnson International strengthens its position in the Slovenian power transmission market
Axel Johnson International’s business group Power Transmission Solutions strengthens its position in Slovenia through the acquisition of Tinex, a leading distributor of bearings, mechanical power transmission technology and sealing solutions.
“The addition of Tinex is well in line with our business group strategy of geographical expansion. Tinex is a great strategic fit and will significantly strengthen our position in this region. We also see many possibilities for synergies between Tinex and other companies within our group,” says Ola Sjölin, Managing Director, Power Transmission Solutions.
Founded in 1990, Tinex is located in Šenčur, about 26 kilometres north of Ljubljana. Tinex’s product offering is centred around bearings, sealings and linear motion products but also includes transmissions, lifting clamps, pneumatics, lubrication, tools, and specialty fasteners. The company serves many sectors such as Chemicals, Pharma, Energy, Paper, Machine Engineering, Automotive, Agriculture, Electro-technical and Transport and is particularly strong in the steel sector.
“We look forward to becoming part of Power Transmission Solutions and Axel Johnson International with its entrepreneurial culture and value-driven leadership. Being part of large international group offers great possibilities for continued development of both our company and our employees," says Uroš Frantar, Managing Director, Tinex.
For further information, please contact:
Ola Sjölin, Managing Director, Power Transmission Solutions
ola.sjolin@axinter.com, +46 706 67 24 68
Axel Johnson International is a global industrial group of 170 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