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Indutrade — M&A Activity 2011
Apr 1, 2011
2927_rns_2011-04-01_7f780c6c-8159-4c6e-8602-e5827359603c.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, as well as in accordance with the Issuers Rules and Regulations for the Nasdaq OMX Nordic Exchange. Submitted for publication at 8 a.m. on 1 April 2011.
Press release
Indutrade acquires Alcatraz Interlocks BV in the Netherlands
Indutrade today siged an agreement to acquire all of the shares in the Dutch company Alcatraz Interlocks BV, with annual sales of approximately EUR 2 million.
Alcatraz designs and manufactures interlock systems that safeguard critical installations. Each system is based on the patented key and lock design, which eliminates the change of human error. The operator must follow a predetermined sequence by means of a mechanical coded key transfer. Alcatraz has successfully deployed systems in the oil & gas, chemical and off shore industries.
Possession will take place today, when the company becomes part of the Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 1 April 2011
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 6,745 million in 2010, generating operating income of SEK 703 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.