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Indutrade — M&A Activity 2012
Jun 5, 2012
2927_rns_2012-06-05_3eea7dcb-2015-420e-bfbc-b2d85ae60ceb.pdf
M&A Activity
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Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 Fax: + 46 8 752 79 39 E-mail: [email protected] www.indutrade.se
This information is in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq OMX Stockholm. The information was submitted for publication at 2 p.m. on 5 June 2012.
Press release
Indutrade acquires additional med-tech company
Following the acquisition of Rubin Medical AB last month, Indutrade today signed an agreement to acquire all of the shares in Conroy Medical AB, Sweden, with annual sales of approximately SEK 30 million.
Conroy Medical manufactures and supplies med-tech products for blood handling. Major products are in the sealing of blood bags. Sales are mainly for export.
Possession will be transferred today, and the company will be part of Indutrade's Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 5 June 2012
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 7,994 million in 2011, generating operating income of SEK 917 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.