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Indutrade — M&A Activity 2011
Jan 7, 2011
2927_rns_2011-01-07_0027b98d-5509-40fa-8f13-8416c2e7f158.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 for the Nasdaq OMX Nordic Exchange. Submitted for publication at 8 a.m. on 7 January 2011.
Press release
Indutrade growing in Benelux
Indutrade has signed an agreement to acquire all of the shares in the technology sales companies Mijnsbergen B.V. and ATB Automation, with operations in the Netherlands and Belgium, and annual sales of approximately SEK 60 million.
Mijnsbergen and ATB automation provide a wide range of products and customised solutions in the areas of power transmission, motion control and linear systems. Customers are primarily in the engineering, automation, construction, industrial equipment, automotive and food industries.
Possession takes place today, when the company will become part of Indutrade's Special Products business area, which had net sales of SEK 1,877 million in 2009.
The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 7 January 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 6,271 million in 2009, generating operating income of SEK 594 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.