Nomo, part of Axel Johnson International, strengthens its position further on the Finnish market by acquiring the mechanical power
transmission specialist JokiLaakeri.
“The acquisition of JokiLaakeri is fully in line with our strategic objective to take the leading position as technical solution provider within the fields of bearings, power transmissions, seals and related services in the Nordic market. JokiLaakeri becoming a part of Nomo
is a great fit in terms of employees, products and geography”, says Mattias Jaginder, CEO of Nomo.
JokiLaakeri is a well-reputed multi-brand bearing distributor that combines their product offering with strong technical knowledge and smart logistical solutions to customers on the Finnish market.
The company was founded in 1991 and has an annual turnover of approximately 18 MEUR. JokiLaakeri has a leading market position in Tampere, the key industrial region in Finland, with branches in Lahti, Vaasa and Oulu, complementing Nomo’s geographical
presence on the Finnish market.
“Being part of Nomo and Axel Johnson International will allow us to improve our business and strengthen our offering in Finland. I am convinced that Nomo is the best possible owner for JokiLaakeri’s employees, customers and suppliers”, says Jori Paatsjoki, CEO at JokiLaakeri.
The acquisition was closed June 14, 2019
Nomo is a technical solution provider to industry, with operations in Sweden, Finland, Denmark, Norway and China. The company was founded in 1948 and has since developed a strong offer in bearings, transmissions and seals in the Nordic market. Nomo supplies products and services to OEM and MRO customers. The company has more than 110 employees and annual sales of approximately 45 million euro.
Nomo is part of Axel Johnson International, a privately owned Swedish industrial group of more than 110 companies in 27 countries, with combined annual sales of EUR 960 million. Axel Johnson International drives 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 organized in four business groups: Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, Transport Solutions and Power Transmission Solutions where Nomo is part