Axel Johnson International’s Industrial Solutions business group is expanding its driveline business via the acquisition of Marindus Group Limited (MGL). The UK-based company comprises driveline specialist Marine and Industrial Transmissions Limited (MIT) and AtZ Marine Technologies Limited (ATZ). The transaction was completed on 3 December.
“The acquisition expands our geographical reach in Europe, while simultaneously growing our commitment to a number of leading driveline and marine application brands,” says 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 GBP 9 million and employs more than 50 members of staff. The company was initially founded in 1974 as the first Twin Disc distributor in the UK. This distribution partnership remains key for MIT and currently accounts for a significant amount of MGL’s sales revenue.
MIT are experts in the design, supply and installation of custom-made solutions for marine and industrial driveline systems, along with being exclusive UK and Ireland distributors for Twin Disc, Transfluid, Rubber Design and Quincy. Furthermore, its customer focus extends to providing expert service and support for a number of other leading driveline brands.
AtZ provides expert marine engineering capabilities, along with a full consultative service to multiple aspects of above and below the waterline components. With a comprehensive product portfolio and an excellent service and repair capability, AtZ has been serving the marine, power generation and petrochemical sectors since 1998. AtZ is also the sole UK and Ireland supplier of leading brands such as Aegir, Deckma, ABCON® and Tribomar products and services.
“We are delighted that MIT and ATZ are becoming part of Axel Johnson International and its driveline platform,” says Jerry Hill, Chairman of MGL. “This is a landmark development for both companies as it will enable true potential to be realised. 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.”
For further information, please contact:
Jan Brattberg, Head of Drivelines Solutions platform, Axel Johnson International,
+46 (0)8 55 42 40 24, firstname.lastname@example.org
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, email@example.com
Head of Communication / Project Manager Strategy and M&A