- About Us
M&A and CorporateRegulatory & Competition
The M&A team at TGS Baltic led by associate partner Kadri Kallas advised AxFlow, the Fluid Handling Solutions business group of Axel Johnson International, on entering the Baltic market by acquiring Bahr Pump OÜ (Estonia), Pumptechnique SIA (Latvia) and Flow Technologies UAB (Lithuania). The firm advised AxFlow on the due diligence, structuring of the transaction and assisted on the closing.
Ole Weiner, CEO of AxFlow Holding, said that although having a strong market position in Europe over nearly 30 years, the Baltic market has always been a white spot for Axflow and acquiring companies with strong management teams, highly skilled personnel, strong sales networks, and long, solid experience in their local markets fits perfectly with their growth strategy.
All three acquired companies 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. Uku Liive, the founder of Bahr Pump and part-owner of Pumptechnique and Flow Technologies, commented that AxFlow’s acquisition gives new opportunities to add other products to their portfolio in the future.
AxFlow, established in 1989, forms the Fluid Handling Solutions business group within Axel Johnson International. It specialises in the marketing, distribution and provision of a complete sales engineering services for high quality fluid handling equipment. AxFlow serves customers in the ceramics, chemical & petrochemical, food, pharmaceutical, pulp & paper and water & waste-water industries with equipment from world leading manufacturers. The AxFlow Group is active in 27 countries and an annual turnover of 180 MEUR. Its portfolio consists of brands like Viking, Bredel, Mono and Flowserve. http://www.axflow.com/en-gb/gb/
Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries, with combined annual sales of €750 million. Axel Johnson International is focused on acquiring and developing companies in strategic niche markets, primarily technical components and industrial process solutions and is organised in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions. http://www.axinter.com/
On the same topic
AxFlow’s press release: AxFlow enters Baltics fluid-handling market
Fluid Handling International: AxFlow buys Baltic fluid-handling enterprises
World Pumps: AxFlow moves into Baltic fluid handling market
Main legal advisor: Lindahl (Sweden)
Local legal advisor: TGS Baltic (Estonia, Latvia, Lithuania)
Thank you for joining our mailing list
Subscribe to our newsletter and get latest updates on legal news.