Indutrade acquires another company in Finland
Indutrade today acquired all of the shares in Recair Oy in Finland with annual
sales of approximately SEK 50 million.
Recair is a leading manufacturer of air treatment equipment in Finland and is
well established in the Finnish market. The company's customers consist
primarily of HVAC (heating, ventilation and air conditioning) contractors,
factories, public buildings and office buildings.
Organisationally Recair will be included in the Engineering & Equipment business
area, which had annual sales of SEK 1,576 million in 2006.
To date Indutrade has made twelve acquisitions this year. The acquisition of
Recair is expected 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 approximately SEK 615 million.
Stockholm, 23 October 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.
