Stockholm, 2 January 2007
Indutrade today acquired all of the shares in Axelvalves AB with annual sales of
approximately SEK 36 million to Eastern Europe.
Axelvalves is one of the leading suppliers in Scandinavia of industrial valves
to the processing industry in Eastern Europe with own brands.
The acquisition strengthens Indutrade's market position mainly in Russia and is
expected to have a marginally positive effect on Indutrade's earnings per share.
Stockholm, 2 January 2007
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel: +46 70 589 17 95.
About IndutradeIndutrade markets and sells components, systems and services
with a high-tech content within selected niches. Indutrade's business is
distinguished byHigh-tech products for recurring needsGrowth through a
structured and tried-and tested acquisition strategyA decentralised organisation
characterised by an entrepreneurial spirit.The Group is organised into four
business areas: Engineering & Equipment, Flow Technology, Industrial Components
and Special Products. Indutrade's sales totalled SEK 3,822 million in 2005,
generating operating income of SEK 333 million before depreciation and
amortisation of intangible assets. Indutrade is listed on the Nordic Mid-Cap
list in Stockholm under Industrials.
Indutrade acquires Axelvalves AB and strengthens its position in Eastern Europe
| Source: Indutrade AB
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