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Indutrade — Regulatory Filings 2016
Jul 6, 2016
2927_rns_2016-07-06_26d90865-99a7-4f0e-a3c4-49b2ec6a59eb.pdf
Regulatory Filings
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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 8 a.m. on 5 July 2016.
Press release
Indutrade acquires Vacuum Engineering Services Ltd, UK
Indutrade has signed an agreement to acquire all of the shares in Vacuum Engineering Services Ltd (www.vac-eng.com), Manchester, UK, with annual sales of approximately 9 GBP million.
Vacuum Engineering is a leading manufacturer of leak detection equipment. 80% of the company's sales is being exported. Customers consist mainly of automotive industry subcontractors along with important customers also in other sectors such as air conditioning, fire safety and gas measurement.
Possession takes place 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, 5 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.