How did Power Transmission Solutions perform in 2021?
“2021 has been a fantastic year. We have been able to support our customers and produce a healthy profit. We have also successfully launched a broader range of private label products to meet specific customer needs.”
What are you most proud of?
“Our record sales and profits, thanks to both organic growth and four closed acquisitions in three countries. I am also proud of the fact that all companies in our group have been fully operational throughout the pandemic and focused on the health and safety of both our employees and our customers.”
What market trends do you see?
“The traditional mechanical power transmission industry is embracing electrification, and mechatronics has become an integral part of our offering. Sustainability is high up on most customers’ agendas. We will continue to help our customers reduce their carbon footprint and ensure that our sales engineers and technicians are aware of the latest product innovations. Another megatrend is the reshoring of manufacturing. The return of manufacturing to Europe will increase automation across all industries.”
How do you see Power Transmission Solutions growing?
“We will continue to position ourselves as technical experts with a focused but broadened offering. It is our long-term objective to become a pan-European specialist in mechanical power transmission and motion control and we are increasing our efforts in finding new potential acquisition targets.”