Mennens with sales of 83 MEUR and 420 employees is the clear market leader in the Benelux countries, an important market for lifting and lashing, with ports as well as heavy industry.
“Through the acquisition of Mennens we take another step in our strategy with a strong local presence as a comprehensive and leading player in Europe in lifting and lashing,” says Mats R. Karlsson, President and CEO of Axel Johnson International.
“Becoming part of an international and financially strong group which strives to expand in our core business is a perfect fit for Mennens. AxLoad’s experience and knowledge in areas such as offshore and energy will help us continue to grow. In addition, belonging to an international group offers exciting new growth opportunities for our employees,” says Maarten van der Velden, CEO of Mennens.
“Mennens is a company run by dedicated entrepreneurs with strong leadership at the helm, which is fully in line with how we operate. We will work together with Mennens management to continue to develop the business. For example, Mennens brings repair services on cranes and lifting to the table,” says Martin Malmvik CEO of AxLoad.
In ten years, Axel Johnson International has built up Europe's leading player in lifting and lashing in the AxLoad business group, with a strong local presence in Sweden, Norway, Finland, Denmark, the Baltic countries, Germany, France, Britain, Spain and Russia.
AxLoad is Europe's largest provider of lifting and lashing equipment and services with a total revenue of approximately 350 MEUR and 1.500 employees.
For further information, please contact:
Mats R. Karlsson, President and CEO Axel Johnson International,
Mobile: +46 70 627 36 30, Email: firstname.lastname@example.org