M&A Activity • Jun 18, 2014
M&A Activity
Open in ViewerOpens in native device viewer
Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 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 18 June 2014.
Following yesterday's acquisition of Micro Spring and Presswork Ltd, Indutrade today acquired all of the shares in Birmingham Specialities Ltd in the UK, with annual sales of GBP 6 million.
Birmingham Specialities Ltd is a leading manufacturer of precision pressings and CNC machining. Major customer segments are the rail industry and electronic industry, diesel engine manufacturers and other industries.
Possession will be transferred today, and the company will be part of Indutrade's Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 18 June 2014
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO of Indutrade AB, tel: +46 70 589 17 95.
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade's business is distinguished by
The Group is organised into five business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components and Special Products. Indutrade's sales totalled SEK 8,931 million in 2013, generating operating income of SEK 990 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.