M&A Activity • Jun 13, 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 11.30 a.m. on 13 June 2011.
Indutrade today signed an agreement to acquire all of the shares in the Swedish company Torell Pump AB, with annual sales of approximately SEK 40 million.
Torell Pump markets and sells pumps, compressors and equipment for cleaning sewage and waste water. The company has a strong position in applications for industry, marine, water treatment plants and cooling systems.
Possession will take place today, when the company becomes part of the Flow Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 13 Juni 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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