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Indutrade — M&A Activity 2007
Oct 5, 2007
2927_rns_2007-10-05_f410b452-35e0-47f0-b02f-abd020966055.pdf
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
Press release
Indutrade acquires another company in Norway
Indutrade today acquired all of the shares in ELRA AS in Oslo, Norway, with annual sales of approximately SEK 10 million.
Elra is a technical sales company mainly focusing on products like servo motors and bonding material. Through the acquisition Indutrade will strengthen its position in the Norwegian market as well as in the transmission product segment.
Organisationally Elra will be included in the Engineering & Equipment business area, which had annual sales of SEK 1,576 million in 2006.
The acquisition, which is Indutrade's tenth this year, is expected to have a marginally positive impact on Indutrade's earnings per share. The companies acquired to date during the year have combined annual sales of approximately SEK 450 million.
Stockholm, 5 October 2007
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO, phone: +46 70 589 17 95.
About Indutrade
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade's business is distinguished by
- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition strategy
- A decentralised organisation characterised by an entrepreneurial spirit.
The Group is organised into four business areas: Engineering & Equipment, Flow Technology, Industrial Components and Special Products. Indutrade's sales totalled SEK 4,516 million in 2006, generating operating income of SEK 460 million before depreciation of intangible assets. Indutrade is listed on the OMX Nordic Exchange in Stockholm.