M&A Activity • Oct 10, 2011
M&A Activity
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Indutrade AB (publ) Box 6044, SE-164 06 Kista, Sweden Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 Fax: + 46 8 752 79 39 E-mail: [email protected] www.indutrade.se
The information provided herein is such that Indutrade AB (publ) is obligated to publish pursuant to the Securities Market Act and/or the Financial Instruments Trading Act, as well as in accordance with the Issuers Rules and Regulations for the Nasdaq OMX Nordic Exchange. Submitted for publication at 9.30 a.m. on 10 October 2011.
Indutrade today signed an agreement to acquire all of the shares in AG Johansson Metallfabrik AB, with annual sales of approximately SEK 12 million.
AG Johansson manufactures and sells corrosion-resistant valves and pipe components of high alloy steel that meet extremely high hygiene standards. Customers are mainly in the pharmaceutical and food industries. The acquisition will complement Indutrade's subsidiary Colly Flowtech.
Possession of the company will be transferred today, and the company will be part of Indutrade's Flow Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 10 October 2011
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 6,745 million in 2010, generating operating income of SEK 703 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
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