Jens S Group, part of Axel Johnson International’s business group Power Transmission Solutions, has through its subsidiary Jens S. Transmissioner A/S signed an agreement to acquire Hoyer Transmissions. The acquisition is expected to close sometime in March, 2020. Hoyer Transmissions is a leading Danish distributor of mechanical transmission products.
“The acquisition of Hoyer Transmissions is well in line with our business group strategy for expanded geographical presence as well as an excellent fit and add-on to Jens S current business” says Ola Sjölin, Managing Director, Power Transmission Solutions.
Founded in 1974, Hoyer Transmissions is a well-established provider of mechanical transmission products with its main business and offices located in Hadsten, Jutland. The company mainly serves the Scandinavian and German markets. As a leading Danish distributor, Hoyer Transmissions has a well-known supplier base and offers a wide product portfolio. Hoyer Transmissions will be divested from Hoyer Group and become part of Jens S Group.
”The addition of Hoyer Transmissions to Jens S. Transmissioner in Denmark is an important step in consolidating the Danish market. It enables a synergistic approach for both companies and offers existing and potential customers a greater range of products and increased local presence” says Johan Benzler, Division Manager, Power Transmission Solutions and Managing Director at Jens S. Group.
Welcoming the acquisition, Peder Mørch, Business Unit Director of Hoyer Transmissions said: ”I’m keen to be a part of this next step for Hoyer Transmissions and together with Jens S. we now have an even stronger position in the transmissions market”.
Managing Director, Power Transmission Solutions
+46 706 67 24 68
Division Manager, Power Transmission Solutions and Managing Director, Jens S. Group
+46 11 19 80 79