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Indutrade — M&A Activity 2010
Jan 29, 2010
2927_rns_2010-01-29_a84b9a78-2a97-42fe-aa3b-25de67f5a4ef.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 subsidiary acquires construction plastics business
Indutrade's subsidiary Carlsson & Möller AB today acquired Metallcenter Sverige AB's construction plastics business, with annual sales of approximately SEK 6 million.
The business involves the sale of semi-finished construction plastics primarily to customers in the pharmaceutical, energy and engineering industries.
Through the acquisition, Carlsson & Möller strengthens its position as one of the leading suppliers of construction plastics in the Nordic market.
Organisationally the business will be part of Carlsson & Möller AB, which belongs to the Special Products business area.
The acquisition is expected to have a marginally positive effect on Indutrade's earnings per share.
Stockholm, 29 January 2010
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO, Indutrade, 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.