Advised the seller, Axipto AB, a subcontractor mainly to the heavy truck industry of 100% of its shares to Inducore AB, a Swedish industrial group.Axipto AB is a young and innovative company, with great experience and deep knowledge. Axipto has its roots in three Swedish engineering companies with different types of specialised expertise in machining. The company conducts its business in Nybro, Målilla and Mönsterås. Axipto has a turnover of around SEK 250 million and approximately 100 employees.

The Inducore Group comprises a number of specialised operations offering systems solutions, products, components, contract manufacturing and logistics solutions. Inducore’s operations are organised into three business areas in order to create clear, focused offerings for our customers.The Group has, including Axipto, yearly revenues of over MSEK 1 100 with approximately 600 employees.

With the acquisition of Axipto, Inducore takes a step forward and strengthens its position in metal processing with highly automated processes. IMAP advised Axipto throughout the process.

“Selling the company has been a big and difficult decision for me, but since Inducore is a larger industrial group I see that Axipto will get the resources and opportunities they need to stay successful”, says Bert Ovesson, CEO of Nossevo Industries and majority owner of Axipto.

“Together with Inducore we are in a better position to ensure our customers’ needs for Axipto to grow, broaden our customer base and become more international”, says Emanuel Svensson, CEO of Axipto.

“With the acquisition of Axipto we take a step forward and will strengthen our position in machining with highly automated processes. Axipto’s competence and customer base complements us well and strengthens our position within the business area components. Axipto’s customers are well-known in their respective field of business and the company has a long-term strategic position in the market. Axipto have long term relationships with their customers and an underlying solid demand for the company’s products has given them a strong growth in recent years”, says Petter Andersson, CEO Inducore.

Bengt Jönsson at IMAP: "We see a clear trend in the need for stronger ownership structures by Swedish industrial companies that can contribute to the possibility of increased internationalization and a broader service offer. Inducore's acquisition of Axipto is one in the line of business that IMAP has been involved in recently and following this trend. "