M&A Activity • Feb 7, 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 1 p.m. on 7 February 2011.
Indutrade today signed an agreement to acquire all of the shares in the Swedish company Abelko Innovation AB, with annual sales of approximately SEK 60 million.
Abelko offers specially adapted solutions for energy measurement, remote control, building automation, energy optimization and operational monitoring. The company's solutions are based on proprietary technical platforms, and customers are in the engineering, medical technology, energy and real estate management sectors. Abelko is a good complement to other Indutrade companies engaged in similar activities, such as Pentronic, Flintec, Gedevelop, Labkotec and Damilini.
Possession will take place today, when the company becomes part of the Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 7 February 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 6,271 million in 2009, generating operating income of SEK 594 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
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