Axel Johnson enters the UK market

MGL has been sold to Axel Johnson International MGL has been sold to Axel Johnson International

Swedish based Axel Johnson International’s Industrial Solutions business group has acquired Marindus Group Limited (MGL).

The UK-based company comprises Marine and Industrial Transmissions (MIT) and AtZ Marine Technologies (ATZ).

“The acquisition expands our geographical reach in Europe, while simultaneously growing our commitment to a number of leading driveline and marine application brands,” said Jan Brattberg, head of driveline solutions platform. “MGL’s operating companies are fully focused on providing technical solutions to their customers, which is a perfect fit with the strategic focus of Axel Johnson International.”

Twin Disk

Headquartered in Kent, MGL has an annual turnover of approximately £9m and employs more than 50 members of staff.

The company was founded in 1974 as the first Twin Disc distributor in the UK. This distribution partnership remains key for MIT and accounts for a significant amount of MGL’s sales revenue.

MIT is also the exclusive UK and Ireland distributor for Transfluid, Rubber Design and Quincy.

Components

AtZ provides marine engineering capabilities, plus a consultative service to multiple aspects of above and below the waterline components.

The company is the sole UK and Ireland supplier of several brands including Aegir, Deckma, ABCON and Tribomar products and services.

“This is a landmark development for both companies as it will enable true potential to be realised,” said Jerry Hill, MGL chairman. “We have laid excellent foundations and built a best-in-class team that will continue to flourish and gain new opportunities for growth under the ownership of Axel Johnson International.”

Latest Press Releases

Riding4Dreams Team will be Training and Fundraising at The Thames Valley and London Boat Show

A team of twelve including marine industry professionals will be riding from London to Paris from th... Read more

Back to the Future - Christian Brewer returns to Barton Marine

Christian Brewer has returned to Barton Marine as Global Sales Manager. Read more

Fairline Yachts unveils new Squadron 68 model

Luxury British boat builder, Fairline Yachts, announces details of its stunning new Squadron 68, set... Read more

MS Amlin Yacht to exhibit at Thames Valley & London Boat Show

MS Amlin Yacht announce that they will be exhibiting at the inaugural Thames Valley & London Boat Sh... Read more

South Devon Marine Academy appoints ADPR to help inspire the next generation of the marine industry

Communications agency, ADPR, has been brought on-board to help South Devon Marine Academy raise awar... Read more

Fusion® Entertainment Honoured with Industry Award for Product Innovation

Fusion® Entertainment, a worldwide leader in marine audio entertainment, announced today that the Ap... Read more

View all