Axel Johnson International (“AJI”), through its Power Transmission Solutions business group, acquired a majority stake in GMM Srl (“GMM”), an Italy-based manufacturer of bearings, power transmissions, motors, and gears, with a service offering in condition monitoring and industrial remanufacturing.
Axel Johnson International – Power Transmission Solutions is part of the Axel Johnson Group, a privately held and family owned Swedish group founded in 1873 and currently run by the fourth and fifth generation. Within the Axel Johnson Group, Axel Johnson International specializes in offering industrial customers various products and solutions through the six business areas: Power Transmission Solutions, Driveline Solutions, Fluid Handling Solutions, Industrial Solutions, Lifting Solutions, and Transport Solutions.
GMM Srl was founded in 1973 by Attilio Milani, and has its head office in Modena, Italy, with an American branch GMM USA, located in Clarksville, Tennessee. The company has a broad product offering within bearings, power transmissions, motors, and gears, with an extensive service offering in condition monitoring and industrial remanufacturing performed by the group’s subsidiaries BBM and E. Malaguti. GMM has most of its customers in the Italian OEM and MRO market in a wide range of industries, where many are related to the ceramic tile sector.
EC M&A acted as the exclusive M&A advisor to AJI on this transaction.