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Indutrade — M&A Activity 2015
Oct 2, 2015
2927_rns_2015-10-02_fdbbd756-aa93-442a-ab8a-c2504376689e.pdf
M&A Activity
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Visitors' address: Raseborgsgatan 9 Phone: + 46 8 703 03 00 E-mail: [email protected] www.indutrade.se
This information is released in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm. The information was submitted for publication at 7.30 a.m. on 2 October 2015.
Press release
Indutrade acquires Dutch supplier of hydraulic components
Indutrade has signed an agreement to acquire all of the shares in EPE-Goldman BV (EPG Hydraulistics), Rotterdam, Netherlands, with annual sales of approximately EUR 8 million.
EPG (www.epg.eu) markets and sells hydraulic products from leading manufacturers to customers in Benelux in the shipbuilding, oil & gas, offshore, agriculture, military, infra structure and engineering industry. Major products are pipe components, ball valves, filters, couplings, hydraulic hoses and measuring devices.
Possession takes place immediately, and the company will be part of Indutrade Benelux which in turn is 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, 2 October 2015
INDUTRADE AB (publ)
For further questions, 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 six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade's sales totalled SEK 9,746 million in 2014, generating operating income of SEK 1,134 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.