19th September 2018
CHANGE OF OWNERSHIP
We are pleased to announce the upcoming sale of our pump trading companies to AxFlow, a Swedish based family owned Group. The companies affected by this change in ownership are:
- Brown Brothers Engineers Ltd
- Brown Brothers Engineers Australia Pty Ltd
- Kelair Pumps Australia Pty Ltd.
AxFlow is the Fluid Handling Solutions business group within Axel Johnson International. They specialise in the marketing, distribution and provision of complete sales and engineering services for high quality fluid handling equipment. The AxFlow Group is active in 26 countries, it has approximately 700 employees and an annual turnover of 200M EUR; this is a major acquisition for them expanding into Australasia.
The staff and management are excited to embark on this journey with new owners.
Ted Mace, our current owner had the following to say “I am glad to hand over the ownership to AxFlow, with its long-term ownership view and strong values. It will present new opportunities for the group and its employees and be a reliable partner for our customers for many years to come.”
Our main message through all of this is that business will continue as usual. The companies, their legal strucutre, ABN numbers, bank details etc all remain unchanged. There are no changes to our team and management apart from a title change for our CEO John Inkster, who will become Managing Director.
This sale will officially take effect from 1st October 2018 and our goal is to ensure that this transition is as smooth as possible.
John Inkster, CEO, Brown Brothers Engineers and Kelair Pumps, will continue to run the companies after the acquisition. “We see a very good match between the Brown Brothers Engineers and AxFlow management culture,” Ole Weiner (AxFlow Holding CEO) says. “This is crucial to our ambition to keep people with local expertise in place, while giving the acquired company the opportunities that come with being part of a larger group.”
We look forward to continuing our business relationship going forward into new and exciting times with AxFlow.
If you have any questions or concerns, please don’t hesitate to contact us.
Brown Brothers Engineers Ltd
Brown Brothers Engineers Australia Pty Ltd
Kelair Pumps Australia Pty Ltd