As a result of this transaction, Axel Johnson International’s Transport Solutions business group is strengthening its position in the Nordic market for commercial vehicle components. “Our ambition is to grow our presence in the transport market throughout Europe, and we look forward to doing that together with the TMT. Malinen team,” says Erik Eklöv, Managing Director of Transport Solutions. “TMT. Malinen offers a great complement to our existing vehicle components business and is a well-managed company that will fit well into our organisation.”
With EUR 13 million in sales, TMT. Malinen is the region’s market leading manufacturer and distributor of aluminium, steel, and plastics components and systems for the body builder industry. The company has a market presence in Finland, Sweden and Baltics plus some exports. Its headquarters are located in Lahti, Finland. The group has approximately 50 employees in three companies: TMT. Malinen Oy (Lahti), Trailerkomponenter AB (Mjölby) and TMT. Malinen Baltic Oü (Tallinn). The company was established in 1958 by Toivo Malinen. Today, the second and third generations of the Malinen family are active in the company and will continue to lead the businesses going forward.
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 cultural/language driven support particularly at tricky intervals of the M&A process which MCF is able to provide through their presence in both the Swedish and the Finnish market.”
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.