AxFlow Italy, part of the Fluid Handling Solutions business group of Axel Johnson International, acquired Cinti S.r.l., a specialist in installation, service and repair of centrifugal pumps based in northern Italy, on February 27. The move aims to strengthen AxFlow Italy’s service offering and position it for further growth.
With 21 employees, Cinti serves customers mainly in the municipal water, irrigation, agriculture, water treatment, and fire protection. The acquisition includes all the tools and facilities needed to make a complete service offer.
“By bringing Cinti to AxFlow Group we will strengthen our service offering in Italy and in Europe. It is in line with our long-term aim to have the best customer service on the market,” says Ole Weiner, CEO of AxFlow Group.
Cinti is an authorized service centre for water pumps for civil and industrial applications, including many well-known brands. It has certifications and authorizations for public works in Italy.
Cinti’s Managing Director Marco Cinti, sees big benefits of being part of a larger group. “We are looking forward to increased visibility and sales activity generated by AxFlow Italy’s sales staff, he says. “Cinti will have a wider portfolio now, including PD pumps and agitators, and we will be able to expand our service offer to other industries.”
AxFlow Italy is part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group specialises in the marketing, distribution and provision of complete sales engineering services for high-quality fluid-handling equipment. The AxFlow Group serves customers in the ceramics, chemical & petrochemical, food, pharmaceutical, pulp & paper, and water & wastewater industries with equipment from world-leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1989. The AxFlow Group is active in 27 countries and has approximately 600 employees and an annual turnover of EUR 180 million.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, firstname.lastname@example.org
Ole Weiner, CEO of AxFlow Holding,
+46 (0)8 545 476 72, email@example.com
Lars Carlson, CFO of AxFlow Holding,
+46 (0)702 74 05 35, firstname.lastname@example.org
Head of Communication / Project Manager Strategy and M&A
Axel Johnson International is a privately owned Swedish industrial group of more than 100 companies in 25 countries, with combined annual sales of EUR 790 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised into four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions and Transport Solutions. www.axinter.com