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Indutrade — Regulatory Filings 2016
Mar 18, 2016
2927_rns_2016-03-18_5c0a9014-4cb6-4399-b864-bf57bdaa0c3f.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 1.30 p.m. on 18 March 2016.
Press release
Indutrade acquires Danish sensor manufacturer
Indutrade has signed an agreement to acquire all of the shares in Senmatic A/S, Odense, Denmark, with annual sales of approximately DKK 120 million.
Senmatic (www.senmatic.com) manufactures a wide range of standard and customised sensors for measurement of temperature and relative humidity. Customers are primarily in such sectors as marine refrigerated cargo, petrochemical, power generation and processing as well as other marine applications. Senmatic also offers climate control systems for industrial greenhouses and LED lighting systems.
Possession takes place today, and the company will be part of Indutrade's Measurement & Sensor Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 18 March 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 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.