AxFlow’s Induchem Ireland expands product portfolio with the acquisition of Insteco Ltd.
AxFlow’s Induchem Group Ltd. announces the acquisition of Insteco Ltd. - a leading distributor of process instrumentation, representing leading manufacturers and selling to blue-chip customers for over 30 years. Located in Cork and Meath, the company serves customers across Life Sciences, Pharmaceutical, Dairy, Semiconductor, Food & Beverage, and General Utilities sectors and is viewed as the instrumentation distributor of choice for Irelands indigenous and multinational manufacturing companies.
“Insteco is a natural fit within the Induchem Group. It allows us to continue to grow in terms of expanded product and service offering”, says David Carroll, Head of Strategy of the Induchem Group and continues; “Under the leadership of Alan and Jude, Insteco has established itself as a leading distributor, with world class service and products, built upon a foundation of a highly motivated, flexible and professional team. It brings significant opportunity for growth in terms of market penetration and product diversification.”
Insteco’s Alan Breen and Jude O’Keeffe are excited for the next chapter for Insteco, saying: “Induchem and AxFlow provide a super fit for all of the team at Insteco, in terms of values, mission and vision.” Says Alan Breen.
“Becoming part of Induchem Group and the wider AxFlow family gives us the opportunity for growth, strengthen our support and continue to execute projects in line with our client expectations.” Says Jude O’Keeffe.
NOTE FOR EDITORS
Induchem Group is a part of the AxFlow Group, the Fluid Handling Solutions business group within Axel Johnson International. The AxFlow Group specializes in the marketing, distribution and provision of complete sales engineering services for high-quality fluid-handling equipment. The AxFlow Group serves customers in the chemical & petrochemical, food, power generation, environmental, dockside, facilities management and wastewater industries with equipment from world-leading manufacturers. High standards of technical competence, a comprehensive range of products and services, commitment and integrity have contributed to the company’s steady growth since its establishment in 1960. The AxFlow Group is active in 30 markets and has approximately 1400 employees and an annual turnover of EUR 412 million.
Axel Johnson International is a global industrial group of 190 companies in 33 countries. Axel Johnson International drives business development and growth through a long-term approach to ownership in strategically selected niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in six business groups: Driveline Solutions, Fluid Handling Solutions, Industrial Automation, Lifting Solutions, Power Transmission Solutions and Transport Solutions. Axel Johnson International is part of the Swedish family-owned corporate group Axel Johnson.
For further information, please contact:
Ole Weiner, CEO of AxFlow Holding, +46 (0)8 545 476 72, ole.weiner@axflow.com
Andreas Lindahl, CFO of AxFlow Holding, +46 (0) 8 545 476 70, andreas.lindahl@axflow.com
David Carroll, Head of Strategy of Induchem, +353 (0)87 8155554, david.carroll@induchemgroup.com
Jude O’Keeffe, Insteco Limited, +353 (0)87 2549487, jude@insteco.com
