Axflow expands to Africa with AQS acquisition
AxFlow Holding, based in Stockholm, Sweden, has acquired the majority share in AQS Liquid Transfer, a pump importer and distributor in South Africa.
The growth initiative is in line with AxFlow’s strategy to expand its business outside Europe.
AxFlow distributes liquid fluid handling equipment with operations in 27 European countries, representing leading manufacturers and providing technical services tailored to the needs of a multitude of process industries.
AQS was formed in 1994 in Pretoria and from its eight branches the company provides a nationwide sales and pump repair service encompassing a wide range of pump types.
Throughout the years AQS has built a strong market position in South Africa serving the mining industry, utilities, and agriculture.
Annual sales exceed ZAR140 million (€8.14m) and the company employs 103 people.
“Our growth philosophy is based on finding great local companies that we, together with the local team, can make even better,” said Ole Weiner, president of AxFlow.
“The owners of AQS have built a sound company with a fine team of engineers and service staff with a strong drive to grow the business further. We are very happy to join forces with the AQS team.”
AQS’ management, headed by managing director Gerhard Prinsloo, will continue to lead the company.