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Axel Johnson International acquires majority stake in Royse for expansion in the Spanish market

May 03, 2024•over 1 year ago

Acquiring Company

Axel Johnson International’s Lifting Solutions Group

Acquired Company

Royse

StockholmSevilleInformation TechnologyLogistics

Description

Axel Johnson International has acquired a majority stake in Royse, a leading provider of power transmission products and services in Spain. Royse will become a part of the Power Transmission Solutions business group, strengthening Axel Johnson International's position in Iberia. This strategic acquisition is supported by shared values and a mutual vision for the future, ensuring Royse's continuity and evolution in the Spanish market.

Company Information

Company

Axel Johnson International’s Lifting Solutions Group

Location

Stockholm, Stockholm County, Sweden

About

Lifting Solutions is a global leader in lifting equipment and steel wire rope. With a presence in 19 countries, the companies within the group united combine a deep know-how and a successful history, spanning over centuries. Providing wire rope, hoists, overhead cranes, and other lifting products together with a wide range of related services, the group caters to a diverse sector.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed