AI assistant
Indutrade — M&A Activity 2010
Oct 29, 2010
2927_rns_2010-10-29_272c2893-202b-4fbe-9b68-3c8177ee5e58.pdf
M&A Activity
Open in viewerOpens in your device viewer
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 Flowtech Finland Oy
Indutrade's subsidiary Oy Lining Ab has acquired all of the shares in Flowtech Finland Oy with annual sales of about SEK 20 million.
Flowtech Finland Oy designs and supplies waste water pumping stations and water pressure boosters for clean water. The company also provides maintenance and renovation services for these products. 90% of the customers are from the public sector in Finland (municipalities and waterworks).
Organisationally, Flowtech Finland Oy will be included in the Engineering & Equipment business area, which had net sales of SEK 1,569 million in 2009.
The acquisition, which is Indutrade's ninth since the start of the year, is estimated to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 29 October 2010
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 6,271 million in 2009, generating operating income of SEK 594 million before depreciation of intangible assets. Indutrade is listed on Nasdaq OMX Stockholm.