Indutrade acquires supplier of building site preparation products
ET | Source:Indutrade AB
Indutrade today signed an agreement to acquire all of the shares in Svenska
Geotech AB, a niche company in the infrastructure segment with sales of
approximately SEK 40 million. Svenska Geotech imports and supplies building site
preparation and civil engineering products. The largest product groups are
bentonite, geotextiles, piping and water/wastewater products, its own Gabiola
and Geobes brands, and drainage products.
Possession will be transferred today, and the company will be part of
Indutrade’s Industrial Components business area. The acquisition is expected to
have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 17 March 2014
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO: 46
70 589 17 95
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 organised into five business areas: Engineering & Equipment, Flow
Technology, Fluids & Mechanical Solutions, Industrial Components and Special
Products. Indutrade's sales totalled SEK 8,384 million in 2012, generating
operating income of SEK 905 million before depreciation of intangible assets.
Indutrade is listed on the Nasdaq OMX Stockholm.
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