Volito Automation continues its Nordic expansion. The group has acquired 100% of PF Hydraulics in Borlänge. In connection with the acquisition, two outstanding technicians from PMC Hydraulics were recruited.
– We are extremely pleased that PF Hydraulics now has become a part of the group, says Thomas Larsson, CEO of Volito Automation. PF Hydraulics is a reputable company and will become an important part of our expansion. With its extensive expertise, its long experience and good customer relations, PF Hydraulics is exactly what we seek to further develop our organization.
PF Hydraulics in Borlänge has a large number of loyal customers in mobile and industrial hydraulics, as well as in Dalarna in the rest of Sweden. The company had at the acquisition 7 employees and a turnover of approximately SEK 25 million. In connection with the acquisition, two experienced hydraulic technician, Patrick Stenberg and Erik Jonsson were recruited. Both worked at PMC Hydraulics in Borlänge.
– The company’s founder and former owner, CEO Fredrik Strom, Sven-Erik Ostlund and Karl-Ove Pettersson, will all continue to drive the business forward in their present positions, says Thomas Larsson. When seeking new companies to the Group, long-term commitment are important elements.
The operation in PF Hydraulics focuses on the aftermarket, conversion and installation in mobile and industrial hydraulics. The company has shown strong growth since its inception in 2000.
Volito Automation has quickly become a respected player in the Nordic market, with rising market share and high credibility. Continuous network group for the market’s best entrepreneurs, employees and partners. The group currently consists of six companies in Sweden, Finland and Norway.
Volito Automation acquires and start companies in industrial, mobile and marine hydraulics with the ambition to become the market leader in the Nordic region. The companies in the group rests on a set of values of foresight, long-term organic growth and strong relationships with both customers and suppliers. Behind investments are the Volito AB.
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