AxFlow acquires Esspump in ‘strategically important’ move
AxFlow, a Swedish positive displacement pumps and fluid handling systems specialist, has acquired its compatriot pump distributor Esspump.
With 570 employees and sales of €175 million, AxFlow is the largest distributor of industrial fluid handling equipment in Europe and South Africa, but the company still lists the acquisition of Esspump as strategically important.
Fred Lindecrantz, managing director of Axflow, believes the two companies “complement each other well”.
”Both AxFlow and Esspump are known for their products technology and application knowledge. Our expertise and strong customer and supplier relations give us a strong market position in Sweden,” Lindecrantz said.
Niklas Holmstedt, managing director of Esspump, is enthusiastic about the acquisition.
”The synergy of complimentary products, strong technical and application knowledge resulting from this acquisition, and the international resources available from AxFlow will bring considerable benefits for our customers and new business prospects,” he said.
AxFlow was established in 1991, and since then it has established itself as a major distributor in the chemical, mining, pulp and paper, water and wastewater, food, and pharmaceuticals industries.
The acquisition of Esspump makes AxFlow one of the largest distributors of positive displacement pumps in Sweden.