Lønne Scandinavia was founded as Lønne Maskinforretning in 1949. In 1968 Terje Lønne took over the operations, and since that time the business has grown to become a major player in the Scandinavian MRO market with total revenues of NOK 495m and EBITDA of NOK 18m for the year 2013. In 2011 Credo Partners AS acquired a 50% share in the company supporting further growth and strategic acquisitions. Lønne Holding was prior to the transaction owned 50/50 by Lønne Invest and Credo Partners.
Brammer, the London Stock Exchange listed pan-European added value technical distributor employs more than 3,200 people across 350+ locations including more than 1,000 technical specialists. Brammer stocks and supplies more than 3.5 million product lines with over 350,000 items in stock at any time.