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Indutrade — M&A Activity 2010
Jan 18, 2010
2927_rns_2010-01-18_cb016534-8c16-4fcd-9dc7-6b79c5e00ced.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 technical sales company in Sweden
Indutrade today has acquired all of the shares in Techno Skruv AB, Värnamo, Sweden, with annual sales of approximately SEK 70 million.
Techno Skruv is a niche company with a strong market position in the area of customer specific fasteners and mechanical components. Their customers are in the engineering, energy and vehicle industry.
Organisationally Techno Skruv 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, 18 January 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 6,778 million in 2008, generating operating income of SEK 820 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Exchange Stockholm.