AxFlow buys German industrial repair company
The company announced the acquisition of Pumpen Karrer February 1 and will use it as a regional base for AxFlow Germany.
in a company press release AxFlow emphasised that the transaction was mutually beneficial, with Georg Niebch, Managing Director at AxFlow Germany saying: “Pumpen Karrer’s service business complements our pump business without overlapping,” adding that “Their workshop will be used to reinforce AxFlow’s existing pump repair and maintenance business. Meanwhile, their service business can benefit from increased visibility through AxFlow’s market presence and field sales network.”
Pumpen Karrer has been a KSB pump service partner for over forty years; AxFlow will take over the service agreement as part of the purchase. The German company was owned by the founder’s son and daughter, who praised the deal and will continue to be involved in operations. Pumpen Karrer CEO Roland Karrer said: “We are very much looking forward to our future as part of AxFlow Germany, and we are sure that we can add an important part to the further development of this company.”
AxFlow Germany is a part of AxFlow Group, a business group within Axel Johnson International.