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Indutrade — M&A Activity 2010
Mar 15, 2010
2927_rns_2010-03-15_c8a34033-8d97-43e4-9b96-956f4e05b00b.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
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. Submitted for publication at 10.30 a.m. on 15 March 2010.
Press release
Indutrade acquires manufacturer of architectural profile systems for safety installations
Indutrade today signed an agreement to acquire all of the shares in Stålprofil PK AB and Stålprofil PK Invest AB, with annual sales of approximately SEK 70 million.
Stålprofil is a system supplier that develops, manufactures and markets architectural profile systems for glazed door, window and wall sections with high standards with respect to fire safety, bulletproofing, burglary protection and energy optimisation. The products are sold primarily in Scandinavia, but also in Europe, the USA and Russia. End customers use the products in both public and private environments.
Organisationally, Stålprofil will be included in the Special Products business area, which had net sales of SEK 1,877 million in 2009.
The acquisition, which is Indutrade's sixth since the start of the year, is estimated to have a marginally positive impact on Indutrade's earnings per share.
Combined annual sales of the companies acquired during the year are estimated at approximately SEK 470 million.
Stockholm, 15 March 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 the Nasdaq OMX Stockholm.