Swedish Lube Handling Firm Bought

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Swedish Lube Handling Firm Bought
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Bergman & Beving’s Tools & Consumables division acquired all shares in fellow Swedish company Germa AB, which develops and manufactures equipment for professional and environmentally friendly handling of lubricants, greases and liquids. Terms were not disclosed.

Vannasby-based Germ has 11 employees and annual sales revenue of 35 million krona (U.S. $4.2 million).

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Germ also offers products for oil, grease and chemical handling to workshops and industrial customers. According to the company’s website, this includes equipment used in central lubrication systems and a variety of lubrication products. On the grease side, this includes equipment such as grease cartridges, hand-powered or battery powered grease guns, lubrication nozzles and hoses. The company also supplies a variety of equipment used for collecting waste oil, including indoor and outdoor storage tanks, pumps and draining and suction equipment.

Founded more than 30 years ago, Germ AB said it invested in fast deliveries, usually directly from its own warehouse, selling primarily to resellers. The company said it services all of Sweden as a market and also delivers to the rest of the Nordic region.

“Germ is a value-creating and innovative player with a focus on environmentally friendly handling of dangerous substances, which we believe will be even more important in the future,” said Oscar Fredell, head of the Tools & Consumables division. ”The previous owners Tommy Åström and Martin Ohlsson will continue to run the company on a growth journey ahead.”

Founded in 1906 by engineers Arvid Bergman and Fritz Beving, Bergman & Beving was an agency focusing on import of technically advanced industrial capital goods for Swedish industry.

In 2002, the company streamlined its focus toward tools and supplies for the manufacturing and construction sectors, according to the company’s website. The company changed its name in 2007 to B&B Tools, which was split into two separate, listed companies: Bergman & Beving and Momentum Group. Germa AB is the 12th company that Bergman & Beving has acquired since 2016.

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Business    Europe    Finished Lubricants    Market Topics    Mergers & Acquisitions    Region    Sweden