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Indutrade — M&A Activity 2009
Dec 11, 2009
2927_rns_2009-12-11_3ddf3fdb-adf2-4165-b27e-ec8810ba0562.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 pump manufacturer
Indutrade's subsidiary Colly Flowtech AB, Sweden, has acquired all of the shares in Dominator AB, Jönköping, Sweden, with annual sales of approximately SEK 12 million.
Dominator manufactures and distributes pneumatic diaphragm pumps in Scandinavia and is a market leader in this field in Sweden. Their customers are in the food, pharmaceutical, engineering and chemical industry.
Organisationally Dominator will be part of the Industrial Components business area, which had net sales of SEK 1,401 million in 2008.
The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 11 December 2008
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO, tel. +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 6,778 million in 2008, generating operating income of SEK 820 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Exchange Stockholm.