Axel Johnson International AB (“Axel Johnson International”), a privately owned Swedish industrial group and its’ subsidiary Nomo Group (“Nomo”), has acquired JokiLaakeri Oy (“JokiLaakeri”), a Finnish family-owned multi-brand bearing distributor. MCF acted as adviser to Axel Johnson International and its’ subsidiary Nomo in the acquisition, and this transaction yet again proves MCF’s ability to successfully execute cross-border deals in the Nordic region with a long-term client. Following the acquisition of TMT. Malinen and SKS Group’s mechanical power transmission business in 2017 and 2018, respectively, this is the third transaction in which MCF has advised Axel Johnson International.
MCF advises Axel Johnson International and its’ subsidiary Nomo in the acquisition of JokiLaakeri
“When acquiring JokiLaakeri, MFC played a vital role for Nomo and Axel Johnson International. With a combination of business and financial expertise, understanding of the parties’ standpoints and a local Finnish approach, MFC was a great asset especially in some critical moments during the process”.
CEO of Nomo Group
JokiLaakeri has a leading market position in Tampere, the key industrial region in Finland, with branches in Lahti, Vaasa and Oulu. The acquisition strengthens Nomo’s offering in the Finnish market and is in line with the company’s strategy to take the leading position as technical solution provider within the fields of bearings, power transmissions, seals and related services in the Nordic market. JokiLaakeri becoming a part of Nomo is furthermore a great fit in terms of employees, products and geography.
JokiLaakeri was founded in 1991 and is a highly regarded multi-brand bearing distributor in the Finnish market with a comprehensive product portfolio, high level of technical expertise and extensive service offering. The company has around 25 employees with annual sales of approx. EUR 18 million.
About Axel Johnson International
Axel Johnson International is a privately owned Swedish industrial group of more than 110 companies in 27 countries, with combined annual sales of EUR 960 million. The group drives 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 five business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, Power Transmission Solutions and Transport Solutions.