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Indutrade — M&A Activity 2016
Jan 8, 2016
2927_rns_2016-01-08_4692ad05-378d-4cd8-95d5-8e5afce8114a.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 1 p.m. on 8 January 2016.
Press release
Indutrade acquires Dutch distributor of fasteners
Indutrade has signed an agreement to acquire all of the shares in PECO Select Fasteners B.V., Netherlands, with annual sales of approximately EUR 3 million.
PECO Select Fasteners (www.peconl.nl) supplies special and customized fasteners to manufacturers of steel constructions within wind power, cranes, vessels and buildings.
Possession takes place today, and the company will be part of Indutrade Benelux which in turn is part of Indutrade's Special Product business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 8 January 2016
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.