VBG Group acquires Carlyle Johnson Machine Co.
VBG Group, through its subsidiary Ringfeder Power Transmission US, has acquired The Carlyle Johnson Machine Co., LLC., for a purchase price on a cash and debt free basis of USD16.5 million.
Carlyle Johnson employs 50 people and has a turnover of USD10.5 million with an adjusted EBITA-margin of 17% for 2021. The company was founded in 1903 in Hartford, Connecticut, U.S.A., and designs and manufactures components for motion control that are used in industrial applications.
Carlyle Johnson’s product suite includes mechanical, electrical, and pneumatic clutches and braking systems, as well as associated electrical controls and lubrication seals for medical, aerospace, industrial and defense product applications. Carlyle Johnson’s products live up to unique safety requirements as they are used in critical processes and contexts. High product reliability in combination with high innovation capacity has meant that Carlyle Johnson’s products are currently used in, for example, surgical robots.
VBG Group AB, which is domiciled in Vänersborg, Sweden, is the parent company of an international engineering group with wholly owned companies in Europe, North America, Brazil, South Africa Australia, India and China. The Group’s operations are divided into three divisions – Truck & Trailer Equipment, Mobile Climate Control and Ringfeder Power Transmission – with products that are marketed under strong, well-known brands.
The acquisition strengthens VBG Group’s industrial business, and the company will be part of the Ringfeder Power Transmission division.
The acquisition will have no impact on VBG Group’s results for 2021 but will have in 2022.
“This acquisition complements us in a natural way”, says Thomas Moka, division manager for Ringfeder Power Transmission. “Through Carlyle Johnson, we complement our existing product portfolio and enter interesting high market growth segments such as medical equipment. Above all, I see clear synergies in the organization and a great potential for our sales organization to market Carlyle Johnson’s products in new markets.”
“We see that VBG Group has the strength and the industrial knowledge to develop Carlyle Johnson further. We share the long-term perspective and have the same values, which means that our companies fit together well,” adds Michael Gamache, CEO of Carlyle Johnson.
“We are very pleased that we can complete this acquisition,” says VBG Group President and CEO Anders Birgersson. “The acquisition fits well with our goal of growing as an industrial group and Carlyle Johnson’s products match VBG Group’s mission to create a safer society.”