4 May, 2007 12:45 CET
Indutrade today acquired all of the shares in Carrab Industri AB, with annual
sales of SEK 26 million. Carrab manufactures stamped sheet metal parts and
industrial springs and belonged to the same group as Indutrade's recently
acquired subsidiary Spinova.
The acquisition strengthens Indutrade's expertise primarily in the area of flat
spring manufacturing. Organisationally the company will be included in the
Special Products business area, which had annual sales of SEK 1,094 million in
2006.
The acquisition, which is Indutrade's fifth this year, is judged to have a
marginally positive impact on Indutrade's earnings per share. The companies
acquired to date during the year have combined annual sales of SEK 251 million.
Stockholm, 4 May 2007
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel.: +46-70 589 17 95.
Indutrade in brief
Indutrade markets and sells components, systems and services with a high-tech
content to industrial customers in 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 structured into four business areas: Engineering & Equipment, Flow
Technology, Industrial Components and Special Products. Indutrade had sales of
SEK 4,516 million in 2006, generating operating income of SEK 460 million
before amortisation of intangible assets. Indutrade is listed on the OMX Nordic
Exchange in Stockholm under Industrials.
