MCF introduced Axel Johnson International to SKS Group and supported them on the acquisition of SKS’s mechanical power transmission business, which consists of five companies with combined sales of EUR 40 million. As market leaders in their respective niches, they offer premium products and services to the Nordic machine and equipment building industry. MCF’s introduction led to an exclusive dialogue between the buyer and seller.
MCF advises Axel Johnson International on acquisition of the mechanical power transmission business of SKS Group
“We found MCF’s service invaluable throughout the entire process. In particular, we valued the early stage, introductory efforts which allowed us to enter into exclusive negotiations.”
Head of Group Strategy and M&A, Axel Johnson International
With the acquisition, Axel Johnson International further strengthens its presence in the Nordic power transmission market. “This acquisition is a perfect match with our growth strategy of acquiring market leading distributors with a high degree of technical know-how and competence in mechanical power-transmission solutions,” says Ola Sjölin, Managing Director of Axel Johnson International‘s Industrial Solutions. “It is also in line with Axel Johnson International’s aim to be technical solution providers.”
Following the closing of the transaction, the five companies will operate as an independent group under the SKS brand name within Axel Johnson International’s Industrial Solutions business group.
SKS Group is a Finnish family-owned enterprise founded in 1924 offering a unique combination of services and products for the needs of the machine and equipment building industry in Finland and other selected market areas. SKS and several of its subsidiaries are headquartered in Finland and operate international units in Poland, Sweden, Russia and Estonia. SKS’s skills are integrated in large projects to create tailored solutions. All of its services draw on its strong technical expertise.
The units acquired by Axel Johnson International operate in Finland, Sweden and Estonia. Products include mechanical power transmission components, such as gears and motors, belts and linear motion components.
Hans Glemstedt, Head of Group Strategy and M&A, Axel Johnson International, said: “We found MCF’s service invaluable throughout the entire process. In particular, we valued the early stage, introductory efforts which allowed us to enter into exclusive negotiations.”
About Axel Johnson International
Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries, with combined annual sales of EUR 750 million. The company drives business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions.