Axel Johnson enters the UK market
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.”
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.
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.”
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