Group announced that it has acquired JWI, its exclusive distributor in the UK
North Yorkshire-based JWI has been the UK’s exclusive distributor for the Tornum portfolio for nearly a decade and now become a part of Tornum Group. The company stated in its press release that JWI had a very strong position in the UK market and they look forward to working together for an even better and wider offering to existing and new customers in the UK.
“We are very pleased to welcome JWI to Tornum Group. JWI is a well-managed company with a leading market position and has been our UK distributor since 2015. The acquisition fits well into Tornum Group’s strategy of continued international growth and will contribute to an even stronger position as a supplier of turnkey system solutions in one of Europe’s largest agricultural markets. This is our first acquisition in the UK and a result of our continuous efforts to identify potential acquisition candidates that can strengthen operations, both in Sweden and internationally,” said Nicklas Margård, CEO of Tornum Group.
The acquisition has been financed through Volati’s existing credit facilities and the company has been acquired with immediate access.