AxFlow Holding AB latest acquisition is the Irish Induchem Group, the specialist provider of fluid handling solutions, which predominately focuses on valves, pipe solutions, mixers, and pneumatics. Headquartered in Cork, the Induchem Group has four sites, located in Ireland and the UK; two service centres and two sales offices. The acquisition will see Induchem continuing to operate as a separate company under its brand.
The Induchem Group started out as a focused distributor of steam traps and pipe support solutions in 1982. It later expanded its product offering and changed focus from distribution to becoming a technical solution provider in its sectors by developing expertise and growing service capabilities. Today, Induchem serves a wide range of market segments with the majority of customers being in pharma, power generation, chemicals, petrochemical, design, and engineering.
The Induchem Group divides its business into two main sources of revenue; investment-driven projects (both green and brownfield investments) as well as maintenance repair operations (MRO). Its product offering comprises a wide range of industrial valves, high purity products, lined pipes, valves and accessories, mixer solutions, PD and vacuum pumps, as well as air, compressor, and pneumatics. In the aftermarket and MRO, its focus is on high purity, pneumatics, instrumentation, engineered services, process, and corrosion resistance.