Indutrade has signed an agreement to acquire all of the shares in Industri
Verktøy AS, Bergen, Norway, with annual sales of approximately NOK 40 million.
Industri Verktøy (www.industri-verktoy.no) sells equipment for building in stone
and concrete. The product assortment includes diamond saw blades and drill bits,
rebar bending machines and cutters, concrete vibrators, grinding machines and
laser equipment. The company’s customers consist of professionals in
infrastructure and construction.
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, 16 March 2016
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO:
+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 and 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 the Nasdaq Stockholm.
