Indutrade today acquired all of the shares in Bailey Morris Ltd in the UK, with
annual sales of GBP 7 million. This is the fifth acquisition made by Indutrade
in the UK this year, amounting to a total of GBP 34 million in terms of annual
sales.
Bailey Morris is one of the leading propshaft manufacturer and component
distributor in the UK to customers in 40 countries. Major customer segments are
the commercial vehicles, specialist automotive, off highway and industrial
applications.
Possession will be transferred today, and the company will be part of
Indutrade’s Special Products business area. The acquisition is expected to have
a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 15 August 2014
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO: 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 organised into five business areas: Engineering & Equipment, Flow
Technology, Fluids & Mechanical Solutions, Industrial Components and Special
Products. Indutrade's sales totalled SEK 8,831 million in 2013, generating
operating income of SEK 990 million before depreciation of intangible assets.
Indutrade is listed on the Nasdaq OMX Stockholm.
