Induchem Group Acquired by AxFlow
28 August 2019
AxFlow Holding AB has bought Induchem Group, an Irish specialist provider of fluid handling solutions including valves, pipe solutions, mixers, pneumatics and pumps.
Induchem serves a wide range of market segments including pharma, power generation, chemicals, petrochemical, design and engineering. In the aftermarket and MRO, the company’s focus is on high purity, pneumatics, instrumentation, engineered services, process and corrosion resistance.
Under AxFlow ownership, Induchem will continue to operate as a separate company with its own brand.
“The acquisition is in line with AxFlow Group’s strategy of adding valves to its existing positive displacement pump portfolio with the aim of having the capabilities to build larger systems, to extend the service support and grow its geographical presence in existing markets,” said Ole Weiner, CEO of AxFlow Holding.
Commenting on the acquisition Induchem managing director David Carroll said: “The acquisition provides potential synergies from significant opportunities with our existing supply chain and the introduction of new suppliers and expansion of the fluid handling offering. Induchem’s Irish and UK entity complements AxFlow existing business very well with regards to market industry segments, regional presence, service offering and product offering.”
“This significant development will enable us to offer an unrivalled range of products and services to the marketplace therefore adding value and real benefits to our customers,” said AxFlow Ireland’s managing director Stuart Flood.
Image credit: AxFlow