Axel Johnson International has entered the market for overhead conveying solutions and industrial automation by acquiring a majority stake in OCS AB, a global provider of overhead conveyor systems based in Borås, Sweden.
OCS, founded in 1993, provides high quality overhead conveyors systems for the automotive, aviation and general industries and has a particularly strong presence in the Nordic region and central Europe. The Company will form an initial platform from which Axel Johnson International intends to build a strong Pan-European player within industrial automation. The acquisition is well aligned with the Group’s long-term strategy to provide complete technical solutions for a variety of industrial customers and applications.
“The acquisition of OCS is a milestone for Axel Johnson International as it marks our first investment within industrial automation,” says Martin Malmvik, CEO of Axel Johnson International, who will become chairman of OCS AB. “We see considerable growth potential and will work closely with the management team to support them in every way we can.”
Headquartered in Borås, Sweden, OCS is a niche player within industrial automation designing, manufacturing and installing advanced overhead conveyors systems for industrial applications. The Company today has more than 100 employees globally and a yearly turnover of SEK 100 million.
Read more at www.axinter.com.