Axel Johnson International Strengthens presence in Australia Through Acquisition of Stenhouse
Axel Johnson International’s business group Lifting Solutions, announces a strategic acquisition of Stenhouse Lifting and Safety Solutions (Stenhouse), a highly reputable company known for its lifting expertise. This marks a significant expansion in the Australian market for the group, enhancing the geographical presence and service offerings. The acquisition is an add-on to the existing presence in the country already consisting of Certex Lifting Australia, and Dynamic Rigging Hire.
Stenhouse operates four branches throughout Southeast Queensland & Northern NSW. an area renowned for its robust local economy. Through a disciplined strategy and project selection, Stenhouse has consistently grown and is well positioned for sustained expansion.
The integration of Stenhouse into Lifting Solutions’ business group not only strengthens the groups’ standing as a dominant force in the Australian lifting sector, but also marks a significant milestone in its growth trajectory, with a total of 15 sites and a workforce surpassing 160 employees in the country. Additionally, Stenhouse’s substantial revenue of approx. 10 million AUD enhances the combined entity’s financial strength and offering to national customers.
“The acquisition of Stenhouse is more than just an expansion of our services; it is a merging of shared values and a mutual commitment to excellence,” says Claes Fredlund, Regional Director APAC at Axel Johnson International. “We are confident that this partnership will leverage our combined strengths and further solidify our position in the market.”
Stenhouse’s CEO, Adam Thompson, comments, “Joining forces with Axel Johnson International and Lifting Solutions represents a new chapter for Stenhouse that will benefit our customers and employees alike. We look forward to contributing to the group’s success and setting new benchmarks in the lifting solutions sector here in Australia.”
About Stenhouse
Established in 1997, Stenhouse Lifting and Safety Solutions, is a well-established company specializing in the supply and maintenance of lifting equipment. With a presence around Southeast Queensland & Northern NSW), Stenhouse has built a reputation for its efficient operations, commitment to customer service as well as a vast range of auxiliary and height safety equipment to suit mining, construction, engineering, and urban utilities sectors. www.stenhouselifting.com.au
About Lifting Solutions
Lifting Solutions is a global leader in lifting equipment and steel wire rope. With a presence in 19 countries, the companies within the group united combine a deep know-how and a successful history, spanning over centuries. Providing wire rope, hoists, overhead cranes, and other lifting products together with a wide range of related services, the group caters to a diverse sector, including renewable energy, industrial manufacturing, ports, construction, offshore, pulp and paper, mining, and steel. liftingsolutionsgroup.com
