AxFlow has entered the Baltic pump market by acquiring Estonia’s Bahr Pump OU, Latvia’s Pumptechnique SIA and Lithuania’s Flow Technologies UAB.
The three companies provide fluid handling equipment, advanced systems and service to end-users and contractors. Products include pumps, valves, actuators, loading arms, hydrocarbon metering and related service and repair, mainly for the petrochemical, chemical, food and power generation segments. Most of the brands that the companies represent are already in AxFlow’s portfolio, including Viking, Bredel, Mono and Flowserve.
“Although we have built a strong market position in Europe over nearly 30 years, the Baltic market has always been a white spot for us,” explained AxFlow Holding AB CEO Ole Weiner. “Bahr Pump, Pumptechnique and Flow Technologies fit perfectly with our growth strategy which is based on finding great local companies that we can make even better together with the local team.”
“We see large potential to grow in our markets by leveraging on AxFlow’s strengths such as common a distribution centre, application knowledge sharing and supply-chain efficiencies,” said Uku Liive, founder of Bahr Pump and part-owner of Pumptechnique and Flow Technologies. “There will also be opportunities to add other products to our portfolio in the future.”
AxFlow, the Fluid Handling Solutions business group of Axel Johnson International, is active in 27 countries, has approximately 600 employees and an annual turnover of €180 million.