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Indutrade — M&A Activity 2015
Jun 16, 2015
2927_rns_2015-06-16_f53f9e30-a981-4993-be2c-938f5a5afc19.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 11.30 a.m. on 16 June 2015.
Press release
Indutrade acquires Professional Parts Sweden AB
Indutrade today signed an agreement to acquire all of the shares in Professional Parts Sweden AB (Proparts), with annual sales of SEK 130 million.
Proparts is a technology sales company that supplies replacement parts to the automobile aftermarket. Customers, which are mainly in Europe and North America, consist largely of auto repair chains, automotive workshops and other traders.
Possession takes place today, and the company will be part of Indutrade's Fluids & Mechanical Solutions business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 16 april 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.