AxFlow Finland Acquires TM-Palvelu OY

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AxFlow Oy in Helsinki Finland, part of the AxFlow Group has announced its acquisition of TM-Palvelu Oy, a well established pump service and piping contractor in Finland.

Service is a major growth area for AxFlow Finland. By bringing TM-Palvelu into AxFlow we strengthen our service capabilities and gain the additional engineering resources that will allow us to expand in, for us new, segments such as the liquid terminals.

AxFlow Oy in Helsinki Finland, part of the AxFlow Group has announced its acquisition of TM-Palvelu Oy, a well established pump service and piping contractor in Finland.

The take-over which was formalised in May 31, 2011, is a major development for AxFlow Oy as it provides the company with a substantial in-house competence in pump maintenance and after sales services.

TM-Palvelu has been established in 1988 in Kotka, one of the main port-cities in Southern Finland. From this base, the company has developed its strong foothold in the service of power plants and liquid terminals. The other key segments include the chemical and pulp & paper industries. Under the stewardship of founder Pentti Anttila, TM-Palvelu has built up a fine team of skilled service technicians, most of them certified to work in the oil & gas and energy plants.

Announcing the acquisition, AxFlow Managing Director Harri Lindroos said: “Service is a major growth area for AxFlow Finland. By bringing TM-Palvelu into AxFlow we strengthen our service capabilities and gain the additional engineering resources that will allow us to expand in, for us new, segments such as the liquid terminals. The combination of the resources and competence of TM-Palvelu and AxFlow will bring considerable benefits for both companies’ existing customers and prospects in a form of a wide product portfolio, professional pump maintenance and after sales services.”

For more information please contact:
Harri Lindroos
AxFlow Oy
Tel: +358 010 836 99 44
Mobile: +358 0405 662580
harri(dot)lindroos(at)axflow(dot)fi
http://www.axflow.fi

AxFlow is active all over Europe and specializes in the marketing, distribution and provision of a complete sales engineering service for high quality, market leading fluid handling equipment. AxFlow’s high standards of technical competence, service and integrity have contributed to steady growth since its establishment in 1989 and form the basis for future development. AxFlow represents world leading manufacturers of fluid handling equipment, and together we offer the highest value to customers. AxFlow’s philosophy is to continue to enhance the range and scope of services, and to offer customers full commitment and value from one source.

The AxFlow Group has an annual turnover of EURO 120 million (2009) and 400 employees and is a subsidiary of Axel Johnson International AB, Stockholm, Sweden.
http://www.axflow.com

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Harri Lindroos
AxFlow Oy
+358 010 836 99 44
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