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Indutrade — M&A Activity 2011
Jan 3, 2011
2927_rns_2011-01-03_02ecfb9c-5d64-4e21-8c53-fd753e646f1a.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 12.15 p.m. on 3 January 2011.
Press Release
Indutrade acquires Dantherm Filtration Oy
Indutrade today signed an agreement to acquire all of the shares in the Finnish company Dantherm Filtration Oy, with annual sales of approximately SEK 30 million.
Dantherm Filtration, which is part of the Nederman Group, specialises in air filtration and provides customised solutions and components to customers in the forestry, paper, metal and recycling industries, among others. The product range includes systems for wood chip separation, surface treatment, air filtration and ventilation.
Possession will take place today, when the company becomes part of the Engineering & Equipment business area, which had net sales of SEK 1,569 million in 2009.
The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 3 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.