AxFlow Finland acquires TM-Palvelu OY

AxFlow Oy in Helsinki Finland, part of the AxFlow Group has announced its acquisition of TM-Palvelu Oy, a well established pump service and piping contractor in Finland.

The take-over which was formalised in May 31, 2011, is a major development for AxFlow Oy as it provides the company with a substantial in-house competence in pump maintenance and after sales services.

TM-Palvelu has been established in 1988 in Kotka, one of the main port-cities in Southern Finland. From this base, the company has developed its strong foothold in the service of power plants and liquid terminals.  The other key segments include the chemical and pulp & paper industries. Under the stewardship of founder Pentti Anttila, TM-Palvelu has built up a fine team of skilled service technicians, most of them certified to work in the oil & gas and energy plants.

Announcing the acquisition, AxFlow Managing Director Harri Lindroos said: “Service is a major growth area for AxFlow Finland. By bringing TM-Palvelu into AxFlow we strengthen our service capabilities and gain the additional engineering resources that will allow us to expand in, for us new, segments such as the liquid terminals. The combination of the resources and competence of TM-Palvelu and AxFlow will bring considerable benefits for both companies’ existing customers and prospects in a form of a wide product portfolio, professional pump maintenance and after sales services.”