14 Sep, 2007 13:47 CET
Indutrade and Palmstierna International AB, which is part of the Flowserve
Corporation in the US, today signed an agreement in which Indutrade will
acquire Flowserve's measuring business in Karlstad, Sweden, with annual sales
of approximately SEK 35 million.
The measuring business supplies products and systems for measurement, control
and supervision of industrial processes. Customers are in the power, paper and
engineering industries.
The acquisition is Indutrade's eighth this year and is expected to have a
marginally positive impact on Indutrade's earnings per share. The companies
acquired during the year to date have combined annual sales of approximately
SEK 415 million.
Stockholm, 14 September 2007
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, phone: +46 8 703 03 00 or +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.
