Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Indutrade M&A Activity 2016

Jul 1, 2016

2927_rns_2016-07-01_3fc48d8b-de95-4e62-b7fa-5a33eb0c9aae.pdf

M&A Activity

Open in viewer

Opens in your device viewer

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 1 p.m. on 1 July 2016.

Press release

Indutrade acquires KA Olsson & Gems AB

Indutrade today signed an agreement to acquire all of the shares in KA Olsson & Gems AB, Sweden, (www.kao.nu), with annual sales of approximately 90 SEK million.

KA Olsson & Gems is a technical sales company and their operations are organised in three segments:

  • Tape & Glue with customers in the Swedish workshop industry
  • Films & Digital self-adhesive material for various segments in Sweden
  • Display & Décor targeting primarily international store chains

Possession takes place 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, 1 July 2016

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 six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade's sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.