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Nomo acquires JokiLaakeri
Nomo, part of Axel Johnson International, strengthens its position further on the Finnish market by acquiring the mechanical power transmission specialist JokiLaakeri.
“The acquisition of JokiLaakeri is fully in line with our strategic objective to take the leading position as technical solution provider within the fields of bearings, power transmissions, seals and related services in the Nordic market. JokiLaakeri becoming a part of Nomo is a great fit in terms of employees, products and geography”, says Mattias Jaginder, CEO of Nomo.
JokiLaakeri is a well-reputed multi-brand bearing distributor that combines their product offering with strong technical knowledge and smart logistical solutions to customers on the Finnish market. The company was founded in 1991 and has an annual turnover of approximately 18 MEUR. JokiLaakeri has a leading market position in Tampere, the key industrial region in Finland, with branches in Lahti, Vaasa and Oulu, complementing Nomo’s geographical presence on the Finnish market.
“Being part of Nomo and Axel Johnson International will allow us to improve our business and strengthen our offering in Finland. I am convinced that Nomo is the best possible owner for JokiLaakeri’s employees, customers and suppliers”, says Jori Paatsjoki, CEO at JokiLaakeri.
The acquisition was closed June 14, 2019.