Indutrade expands further in Benelux
Indutrade has acquired all of the shares in Douwes International BV, in
Pijnacker, the Netherlands, with annual sales of approximately SEK 34 million.
Douwes is a well established technology sales company with products and
specialist know-how in fasteners and assembly tools. Customers are primarily in
the OEM, machinery and automotive industries. Sales are primarily in the
Netherlands, although a significant share of products are also exported to other
European countries.
With the acquisition of Douwes, Indutrade now has a presence of eleven companies
in the Benelux countries.
Organisationally, Douwes will be included in the Special Products business area,
which had net sales of SEK 1,322 million in 2007.
The acquisition is expected to have a marginally positive impact on earnings per
share.
Stockholm, 13 February 2008
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +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 5 673 million in 2007, generating operating income of SEK 650
million before depreciation of intangible assets. Indutrade is listed on the OMX
Nordic Exchange in Stockholm.
