Transport Solutions Strengthens Camera Business with Acquisition of WIP
Axel Johnson International’s business group, Transport Solutions, has acquired WIP, a Swedish supplier of high-quality rear-view camera systems and sensors for industrial vehicles. The acquisition expands Transport Solutions’ product portfolio while reinforcing its position in the vehicle components market.
The acquisition aligns with Transport Solutions’ strategy to broaden its product portfolio in camera technology, a segment with strong growth potential. Wipomatic is a high-quality brand, and its camera systems are used both above and underground, serving OEM customers.
“This acquisition is a great step forward in strengthening our camera segment. The demand for advanced vehicle camera systems is increasing, driven by stricter safety regulations and legislation. WIP’s expertise and strong customer base will help us scale this segment and expand our offering” says Erik Eklöv, Managing Director of Transport Solutions at Axel Johnson International.
With WIP’s strong position in OEM machinery and Transport Solutions’ established presence in the truck and trailer industry, the acquisition creates valuable synergies and opportunities for further expansion. A cooperation between WIP’s products and Transport Solutions’ existing brands and market channels is expected to drive further growth in both existing and new customer segments.
See the full Press Release here: Axinter



