Axel Johnson, an industrial group, completed the acquisition of a majority stake in Royse, an industrial mechanical components provider. Financial terms were not disclosed. “As the founder of Royse, I am proud of what we have become over these 45 years, and I am very confident that this alliance will strengthen our presence in Spain and Portugal even more. My son and I will remain in the company, and we are very excited about this partnership,” Juan Manuel Ortega Sr., Royse Founder.