Brown Brothers Engineers has sold their pump companies to AxFlow, a Swedish based family owned Group. The companies affected by this changeover include Brown Brothers Engineers and Kelair Pumps Australia.
AxFlow is the fluid handling solutions business group within Axel Johnson International. They specialise in marketing and distribution as well as complete sales and engineering services for fluid handling equipment.
The AxFlow Group is already active in 26 countries, it has approximately 700 employees and an annual turnover of EUR200 million. This purchase is a major acquisition for them to expand into Australasia.
It is expected that many of the existing staff will stay on with the new owners.
Ted Mace, the outgoing owner had the following to say, “I am glad to hand over the ownership to AxFlow, with its long-term ownership view and strong values. It will present new opportunities for the group and its employees and be a reliable partner for our customers for many years to come.”
“Our main message through all of this is that business will continue as usual. The companies, their legal strucutre, ABN numbers, bank details will all remain unchanged.”
“There are no changes to our team and management apart from a title change for our CEO John Inkster, who will become Managing Director.”
“The changeover will officially take effect from 1st October 2018 and our goal is to ensure that this transition is as smooth as possible,” added Ted.
John Inkster, CEO of Brown Brothers Engineers and Kelair Pumps will continue to run the companies after the acquisition.
“We see a very good match between the Brown Brothers Engineers and AxFlow management culture,” said Ole Weiner AxFlow Holding CEO.
“This is crucial to our ambition to keep people with local expertise in place, while giving the acquired company the opportunities that come with being part of a larger group.”
“We look forward to continuing current Brown Brothers Engineers business relationships going forward into new and exciting times with AxFlow,” Ole Weiner added.