February 13, 2014 - Assignment

AxDrive acquires Trans-Auto

Axel Johnson-owned vehicle component specialist AxDrive has entered into an agreement to acquire Trans-Auto.

Trans-Auto is the industry leader in the distribution of power trains and transmissions for heavy vehicles. AxDrive is a business area within the technology trading group Axel Johnson International, an independent company within the Axel Johnson Group, with annual sales of approximately SEK 6.2 billion and approximately 2,400 employees.

AxDrive was advised by Mannheimer Swartling in the transaction. The firm's team was led by Martin Ericsson, primarily assisted by Ola Espelund, Jon Rastad and Mikael Sandy, as well as Anna Sukharina and Alexey Rotar from the firm’s office in Moscow.