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Indutrade — M&A Activity 2012
Feb 27, 2012
2927_rns_2012-02-27_42c2cbb7-0cc5-42be-a6e5-27a6bc07f451.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 1.15 p.m. on 27 February 2012.
Press release
Indutrade strengthening its position in control and measurement technology
Indutrade today signed an agreement to acquire all of the shares in the Finnish company Geotrim Oy in Helsinki, with annual sales of approximately SEK 100 million.
Geotrim supplies instruments, systems and software for geospatial solutions in qualified, satellite-based positioning. The company provides own networks with coverage throughout Finland. Customers are primarily in the public sector, infrastructure and the steel, energy, agriculture and forest industry segments.
"This is our third acquisition this year," says Johnny Alvarsson, President and CEO of Indutrade. "Geotrim is a very good complement to our previous acquisitions in the control and measurement technology segment, which has potential for development. Since our first acquisition in this segment in 2005 we have added businesses which today have combined annual sales of approximately SEK 750 million."
Possession will be transferred in March, and the company will be part of Indutrade's Engineering & Equipment business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 27 February 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.