# Forankra Group acquires J2Servid to expand in Spain

Forankra Group, part of Axel Johnson International, has acquired J2Servid S.L., a Spanish provider of one-way-securing products for the transportation and industry sector. The acquisition positions Forankra as the second largest player in the OWS market in Spain.

- Type: Acquisition
- Announced: 2024-06-04
- Where: Barcelona, Spain
- Status: completed
- Products: one-way-securing (OWS) products, container cargo securing products
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Axel Johnson International](https://endata.com/companies/285.md) (investor)
- [Forankra Group](https://endata.com/companies/77840.md) (acquirer)
- [J2Servid](https://endata.com/companies/77841.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/se/axel-johnson-international/pressreleases/forankra-group-acquires-j2servid-to-expand-european-industry-presence-3327370), 2024-06-04: "Forankra Group, part of Axel Johnson International within the Transport Solutions business group, has announced the strategic acquisition of J2Servid S.L. (J2S), a leading Spanish provider of one-way-securing (OWS) products for the transportation and industry sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.