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 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.
