Volito Automation is continuing its expansion in the Nordic countries. The group has acquired 100 % of PF Hydraulik in Borlänge. In connection with the acquisition, two highly qualified engineers were recruited who had previously worked at PMC Hydraulics.
“We are extremely pleased that PF Hydraulik has now become a part of the group,” says Thomas Larsson, CEO of Volito Automation. “PF Hydraulik is a well-reputed company and will be a significant part of our expansion. With its considerable expertise, long experience and good customer relations, PF Hydraulik is a typical example of what we are looking for to continue developing our organisation.”
PF Hydraulik in Borlänge has a large number of loyal customers within mobile and industrial hydraulics, both in Dalarna and the rest of Sweden. At the time of the acquisition, the company had seven employees and a turnover of approx. SEK 25 million. In connection with the acquisition, two additional experienced hydraulic engineers were recruited – Patric Stenberg and Erik Jonsson. Both had previously worked at PMC Hydraulics in Borlänge.
“The company’s founder and former owners, CEO Fredrik Ström, Sven-Erik Östlund and Karl-Ove Pettersson will all continue to run the company in their present positions,” says Thomas Larsson. “When we look for new companies for the group, a long-term perspective and commitment are important elements.”
PF Hydraulik’s operations are oriented towards the aftermarket, refurbishment and installation within mobile and industrial hydraulics. The company has developed strongly since it started in 2000.
In a short time, Volito Automation has become a respected player in the Nordic market, with rising market shares and strong reputation capital. The group continuously engages with the market’s best entrepreneurs, experts and partners. Today, the group consists of six companies in Sweden, Finland and Norway.
Volito Automation acquires and starts up companies within industrial, mobile and marine hydraulics with an aim to become the market leader in the Nordic countries. Companies in the group share fundamental values such as rigorous planning, long-term organic growth and strong relations with both customers and suppliers. The business initiatives are backed by Volito AB.
For more information:
Thomas Larsson, CEO Volito Automation
+46 8 531 99 901 (direct) +46 70 329 26 01 (mobile)