Nord-Lock Group Acquires Expander Group

Nord-Lock Group (Sweden) has acquired 100% of the Expander Group from owner Roger Svensson. Expander Group consists of Expander System Sweden AB, and associated subsidiaries in Sweden, USA and Germany. The Expander Group specializes in the design, manufacturing and sales of the Expander® System, an expandable pivot pin system, for heavy machinery and equipment.

Roger Svensson, founder of the Expander Group, comments: “I believe that the Expander System technology has significant international growth potential. As part of the Nord-Lock Group, with its global footprint and excellence in technical sales, I am confident that the Expander Group has the best possible conditions for continued expansion and success”.

Ola Ringdahl, CEO of the Nord-Lock Group, comments: “We are excited by the acquisition of Expander. The Expander System pivot pin technology fits perfectly in our portfolio of secure bolting solutions. We have many customers in common already today and I see interesting sales synergies. I am very pleased to welcome Expander into the Nord-Lock Group.”