M&A Activity • Mar 18, 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 1.30 p.m. on 18 March 2016.
Indutrade has signed an agreement to acquire all of the shares in Senmatic A/S, Odense, Denmark, with annual sales of approximately DKK 120 million.
Senmatic (www.senmatic.com) manufactures a wide range of standard and customised sensors for measurement of temperature and relative humidity. Customers are primarily in such sectors as marine refrigerated cargo, petrochemical, power generation and processing as well as other marine applications. Senmatic also offers climate control systems for industrial greenhouses and LED lighting systems.
Possession takes place today, and the company will be part of Indutrade's Measurement & Sensor Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 18 March 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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