14 Aug, 2007 13:04 CET
Indutrade and Wavin N.V. in Zwolle, Netherlands, today signed an agreement in
which Indutrade acquires the Net & Instrument division of Wavin-Labko Oy in
Finland with annual sales of SEK 60 million.
The Net & Instrument division markets and sells Alarm and Measurement units,
LabkoNet and Automation solutions, as well as Ice Detection units. Their
customers are gas stations, airports, car parks, oil companies and water
purification plants among others.
Organisationally, the Net & Instrument division will be included in the
Engineering & Equipment business area, which had net sales of SEK 1,576 million
in 2006.
The acquisition is Indutrade's seventh this year and is expected to have a
marginally favourable impact on Indutrade's earnings per share. The companies
acquired during the year to date have combined annual sales of approximately
SEK 380 million.
Stockholm, 14 August 2007
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, phone: +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 structured into four business areas: Engineering & Equipment, Flow
Technology, Industrial Components and Special Products. Indutrade's sales
totalled SEK 4,516 million in 2006, generating operating income of SEK 460
million before depreciation of intangible assets. Indutrade is listed on the
OMX Nordic Exchange in Stockholm under Industrials.
