Axel Johnson International’s Fluid Handling Solutions business group, AxFlow, has acquired VIP Tehnika, effective 26 April, and Innva AS, effective 29 April.
VIP Tehnika is a Slovenian service and distribution company of centrifugal pumps, serving many of its neighboring countries in the Balkan region. Located in Maribor, Slovenia, VIP Tehnika provides a second base for AxFlow to grow its operations in the Balkans, mainly in Slovenia, Croatia and Serbia, as well as in Austria.
Founded in 1991, VIP Tehnika operates mainly in the water and wastewater market but also in food and beverage, industrial and chemical sectors. Its main activities cover sales, installation, commissioning, pump repairs, assembly and system integration. A further significant offering is its capabilities to design and manufacture small pump systems.
Innva is a technical distributor of premium valves and piping solutions for the water and wastewater segment in Norway.
Headquartered in Baerum, a suburb of Oslo, Innva is known for providing high-quality products, with Hawle being one of its most prominent suppliers. Since its foundation in October 2014, Innva has enjoyed strong, double-digit growth, largely due to its high service level and extensive technical expertise.
Read more about the acquisitions here.