Nordic Drives Group acquires Aalestrup Elektro ApS

Aalestrup Elektro is a well-established company in the electromechanical business and was founded in 1957. The company is a high-quality, full-range provider of service, repairs, products, spare parts, cabinet builds with excellent 24-hour service capabilities that fulfill the customer's need for solutions for demanding tasks. The three electromechanical workshops Aalestrup Elektro comprises are located in Aalestrup, Aars, and Skive with a total of 25 highly skilled employees. Henrik and Lars D. Hansen who are the previous owners have a great reputation in the industry and are very experienced, having successfully run the business for many years, and will continue to do so.

Nordic Drives Group is MVI’s industrial roll-up within the OEM and aftermarket for industrial electric motors and frequency converters and the acquisition of Aalestrup further supports the goal of being the leading partner for motors and drives in Northern Europe.

Henrik D. Hansen says: “We have had great cooperation leading up to the sale of our company and we like the work model of Nordic Drives Group. The synergies we can realize within the Group are truly great. We are glad to be part of the journey where we see that we can both contribute to and benefit from belonging to the Nordic Drives Group.”

Tom Gustavsson, CEO of Nordic Drives Group, comments, “Aalestrup Elektro is truly a gem. It is a well-run company with a great future, and I am very much looking forward to continuing working with Lars and Henrik and their team to further strengthen Aalestrup’s and NDG’s position in Jylland and Denmark.”

"We have had great cooperation leading up to the sale of our company and we like the work model of Nordic Drives Group. The synergies we can realize within the Group are truly great. We are glad to be part of the journey where we see that we can both contribute to and benefit from belonging to the Nordic Drives Group."