Norwegian Driveline Solutions company Progress strengthens offering in hydraulics

Progress Ingeniørfirma AS, part of Axel Johnson International’s business group Driveline Solutions, expands its offering in hydraulics through the acquisition of Walterscheid Powertrain Group’s Norwegian hydraulics operations.

“The acquisition of Walterscheid Powertrain Group’s Norwegian hydraulics operations is well-aligned with our group strategy to grow the hydraulic offering. The addition of the service center in Vestby will support growth and increase our presence in mobile and industrial segments in Norway,” says Jan Brattberg, Managing Director, Driveline Solutions.

“We are very happy to add the hydraulics operations in Vestby to our company, with its skilled employees and extensive experience in hydraulics. It is a great addition to our existing product line in transmissions and propulsion and will further improve our customer offering,” says Thomas Smefjell, CEO, Progress Ingeniørfirma.

Walterscheid Powertrain Group’s service center in Vestby has been supplying hydraulic systems, parts and accessories since 1964. Main offering comprises of power take off units, hydraulic components, hydraulic systems and niche agriculture equipment. Dedicated employees design, build and deliver customised solutions for mainly the industry, marine and agricultural markets.

The acquisition comprise the assets and personnel connected to the hydraulics offering at Walterscheid Powertrain Group’s service center in Vestby, south of Oslo.

For further information, please contact:

Jan Brattberg, Managing Director, Driveline Solutions

+46 70 652 65 20, jan.brattberg@axinter.com

Thomas Smefjell, CEO, Progress Engineering Company AS

+4722027900, thomas.smefjell@progressing.no

Progress was established in 1903 and has from the start worked with products related to maritime industry, first as a manufacturer of machinery for use on board ships, such as the manufacturer of gears for offshore industry, among others. For the past 50 years, Progress has specialized in propulsion equipment for boats and smaller ships. Progress represents some of the world's leading manufacturers and can supply most components for transmissions, gearboxes, hybrid solutions, water jet units, propeller and shaft systems, control systems, as well as other technical equipment. www.progressing.no 

Axel Johnson International is a global industrial group of more than 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