M&A Activity • Apr 1, 2016
M&A Activity
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Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 E-mail: [email protected] www.indutrade.se
This information is released in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm. The information was submitted for publication at 3.45 p.m. on 1 April 2016.
Indutrade today signed an agreement to acquire all of the shares in Beldam Crossley Ltd, UK, with annual sales of approximately GBP 7 million.
Beldam Crossley (www.beldamcrossley.co.uk) manufactures packings and seals, advanced engineered polymers and slide bearings. The company's customers come from a range of industries, including power generation, aerospace, and the defence, construction and marine industries.
Possession takes place today, and the company will be part of Indutrade's Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 1 April 2016
INDUTRADE AB (publ)
For further questions, please contact: Johnny Alvarsson, President and CEO, tel +46 70 589 17 95.
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade's business is distinguished by
The Group is organised into six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade's sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.
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