April 7, 2014 - Assignment

Axel Johnson International acquires Gällivare Industriservice AB

Axel Johnson-owned AxIndustries has agreed to acquire a majority shareholding in Gisab – Gällivare Industriservice AB. Gisab will be part of the AxIndustries division, which supplies services, bearings and transmissions to industrial customers in Scandinavia.

Gisab offers complete solutions in construction, manufacturing and assembly for industry and mining. The company has more than 100 employees with headquarters in Gällivare and an annual turnover of approximately SEK 200 million. Growth has been rapid and the company has twice won the Dagens Industri Gazelle award.

AxIndustries was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Martin Ericsson, primarily assisted by Patrik Lilieblad, Mikael Sandy and Lisa Hulthén.