Go to deals
Industrial Machinery & Components | Other Industries

ERIKS NV has sold its Polish subsidiary Passerotti Sp. z o.o. to Axel Johnson International

ERIKS NV, an international industrial service provider, has sold its Polish subsidiary Passerotti Sp. z o.o. to Axel Johnson International.

Passerotti is a value-added distributor and market leader in O-rings, oil seals and hydraulic seals (70% of its revenue), also offering customizing and engineering services from its eight locations in Poland. The company’s 11,000 customers are evenly distributed between OEM’s, MRO’s and distributors, with a focus on the food & beverage, HVAC, processing, marine, mechanical engineering and water/wastewater industries.

Axel Johnson International is a privately owned industrial group that acquires and develops companies in strategic niche markets, primarily technical components and industrial process solutions. The company, headquartered in Sweden, has four business groups: fluid handling, industrial, lifting and transport.

ERIKS is an international industrial service provider offering a wide range of high quality mechanical engineering components and associated technical and logistics services. The company offers its products and services to the industrial end user based on its expertise in technology, its broad and deep knowledge of market developments, product properties, product applications, product processing, logistics and its state-of-the-art infrastructure. The group has branches in 20 countries and a workforce of approximately 7,500 employees, with a strong position in Western Europe, the US and a presence in Southeast Asia.

Oaklins’ team in Poland advised ERIKS on the divestiture of its Polish subsidiary Passerotti to Axel Johnson International. Oaklins’ teams in Denmark and the Netherlands, due to their long-term and well-established relationship with ERIKS, supported the Polish team during the pitch phase. Oaklins’ team in Sweden identified and approached the buyer.

Parties

Talk to the deal team

 Igor  Pogorzelski

Igor Pogorzelski

Director
Warsaw, Poland
Oaklins Poland CF
 Adel  Koubaa

Adel Koubaa

Managing Partner
Stockholm, Sweden
Oaklins Sweden
 Mads  Thomsen

Mads Thomsen

Partner
Copenhagen, Denmark
Oaklins Beierholm
 Marc  van de Put

Marc van de Put

Senior Advisor
Amsterdam, Netherlands
Oaklins Netherlands

Related deals

Industrie Polieco - M.P.B. has sold a minority stake to RedFish Longterm Capital
Private Equity | Energy | Industrial Machinery & Components | Other Industries

Industrie Polieco - M.P.B. has sold a minority stake to RedFish Longterm Capital

T.P. Holding Srl, the company controlled by the Tonelli family, has sold Industrie Polieco - M.P.B. SpA to RedFish Longterm Capital SpA.

Learn more
EC Electronics has raised new debt facilities
Private Equity | Industrial Machinery & Components

EC Electronics has raised new debt facilities

EC Electronics Ltd. has raised funds from Shawbrook Bank to finance the acquisition of Liad Electronics Breda B.V. The debt facilities also include follow-on capital for future acquisitions as EC Electronics continues its search for complimentary electronics manufacturing businesses.

Learn more
LISEGA SE has been acquired by BUHLMANN RFS GmbH & Co. KG
Industrial Machinery & Components

LISEGA SE has been acquired by BUHLMANN RFS GmbH & Co. KG

Hardtke Stiftung has sold LISEGA SE to BUHLMANN RFS GmbH & Co. KG.

Learn more