Axel Johnson International acquires Caldan Conveyor
Axel Johnson International expands within industrial automation through the acquisition of Caldan Conveyor, creating a strong partnership in delivery of overhead and floor conveyor systems.
The acquisition of Caldan is well aligned with Axel Johnson International’s long-term strategy to provide complete technical solutions for a variety of industrial customers. Caldan will become an integral part of Axel Johnson International’s recently formed industrial automation segment and part of the business group Industrial Solutions.
The transaction is subject to clearance by relevant, local competition authorities. Oaklins was engaged by Axel Johnson International as strategic and buy-side M&A advisor.
The Oaklins team was highly dedicated and has long experience in providing buy-side advice. We couldn’t be happier with the guidance and support that they provided throughout the process.HANS GLEMSTEDT, HEAD OF STRATEGY AND M&A – AXEL JOHNSON INTERNATIONAL
About Axel Johnson International
Headquartered in Stockholm, Sweden, the Axel Johnson group was founded in 1873 and remains in family ownership, now in the fourth and fifth generations. Axel Johnson International acquires and develops companies with profitable growth in strategically selected niche markets, primarily technical components and industrial process solutions. Axel Johnson International companies employ 4,400 people in 30 countries. Annual sales exceed EUR 1,100 million.
Read more about Axel Johnson International on the website: www.axinter.com
About Caldan Conveyor
Headquartered outside Aarhus, Denmark, Caldan is a leading supplier of overhead and floor conveyor systems. The company has 130 employees and more than 50 years of experience within design, manufacture and installation of internal transport systems for automated surface treatment processes and materials handling. Caldan is a market leader in its niche in Europe and a strong player in the Asian and North American markets. The company has installed more than 4,500 conveyor systems across a wide range of industries.
Read more about Caldan Conveyor on the website: www.caldan.dk