AxFlow has bought Bahr Pump OU (Estonia), Pumptechnique SIA (Latvia) and Flow Technologies UAB (Lithuania), marking its entrance into the Baltics fluid-handling market.
Each of the three companies bought by AxFlow – the Fluid Handling Solutions business group of Axel Johnson International – specialise in supplying fluid handling equipment, advanced systems, and service to end-users and contractors. Some of their key products include pumps, loading arms, actuators and hydrocarbon metering, primarily for the petrochemical, chemical, food, and power generation industries.
“Although we have built a strong market position in Europe over nearly 30 years, the Baltic market has always been a white spot for us,” said AxFlow Holding’s CEO, Ole Weiner. “Bahr Pump, Pumptechnique and Flow Technologies fit perfectly with our growth strategy which is based on finding great local companies that we can make even better together with the local team.”
“All three companies have strong management teams, highly skilled personnel, strong sales networks, and long, solid experience in their local markets,” Weiner added.
Uku Liive, founder of Bahr Pump and part-owner of Pumptechnique and Flow Technologies, said: “We see large potential to grow in our markets by leveraging on AxFlow’s strengths such as a common distribution centre, application knowledge sharing and supply-chain efficiencies.”
Read the article online at: https://www.worldpipelines.com/business-news/03012018/axflow-joins-baltics-fluid-handling-market/