Axel Johnson

Axel Johnson International enters UK market for marine and industrial driveline systems with the acquisition of AtZ

Axel Johnson International’s Industrial Solutions business group is expanding its driveline business via the acquisition of Marindus Group Limited (MGL). The UK-based company comprises driveline specialist Marine and Industrial Transmissions Limited (MIT) and AtZ Marine Technologies Limited (ATZ). The transaction was completed on 3 December 2018. “The acquisition expands our geographical reach in Europe, while simultaneously growing our commitment to …