The management team at Orbital Fabrications is delighted to announce that it has been acquired by Swedish giant Bergman & Beving, having sold 80 percent of its shares.
Bergman & Beving, founded in 1906, is a Swedish listed group that acquires and develops leading companies with an eternal ownership horizon. The Group’s autonomous companies work in expansive niches, where they provide value-adding solutions for industrial and construction clients. Each company operates with great freedom on the basis of a decentralized management model that has been creating growth, profitability, and sustainable development for more than 100 years. Bergman & Beving, listed on Nasdaq Stockholm, has approximately 1,300 employees and a turnover of approximately SEK 5 billion. The Group consists of about 20 companies represented in more than 25 countries.
Oscar Fredell, Head of Division Tools & Consumables comments “Orbital is a leading player within its niche in the British market. With a high level of know-how, a wide and loyal customer base and good market conditions, we see good opportunities for further profitable growth”.
The Orbital owners Ian Pearson, Phillip Pearson and Susan Scrivener comment “We are excited to become part of the Bergman & Beving Group. With support from a professional and solid owner, we will be able to increase the company’s growth going forward”. Ian and Phillip will act as minority shareholders with Orbital being part of the Division Tools & Consumables. Phillip adds “but it will be business as usual for Orbital with our team offering the same excellent service to our customers. We see the acquisition as a wonderful opportunity for our team, it helps secure the continued growth of the company and we look forward to an exciting and prosperous future”.