M&A Activity • Jun 15, 2012
M&A Activity
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Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 Fax: + 46 8 752 79 39 E-mail: [email protected] www.indutrade.se
This information is in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq OMX Stockholm. The information was submitted for publication at 8 a.m. on 15 June 2012.
Indutrade signed an agreement to acquire all of the shares in Hydnet AB, Sweden, with annual sales of approximately SEK 80 million.
Hydnet supplies hydraulic components and shock absorbers from leading manufacturers within hydraulics and motion control. Customer applications are mainly in the mobile, marine and general industry.
Possession will be transferred in August, and the company will be part of Indutrade's Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 15 June 2012
INDUTRADE AB (publ)
For further information, 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 four business areas: Engineering & Equipment, Flow Technology, Industrial Components and Special Products. Indutrade's sales totalled SEK 7,994 million in 2011, generating operating income of SEK 917 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
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