Indutrade today acquired all of the shares in Geomek Stockholms Geomekaniska AB,
Sweden, with annual sales of SEK 140 million.
Geomek markets and sells solutions, products and services in geotechnical
surveying and the foundation drilling industry. The company has a well equipped
service organisation enabling repairs both in its workshop or in the field. The
business is focused on large and medium-sized contractors as well as independent
consultants.
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 marginal positive impact on Indutrade’s earnings per share.
Stockholm, 14 April 2015
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 Hhgh
-tech products for recurring needs, growth through a structured and tried-and
tested acquisition strategy and a decentralised organisation characterised by an
entrepreneurial spirit.
The Group is organised into six business areas: Engineering & Equipment, Flow
Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement
and Sensor Technology and Special Products. Indutrade’s sales totalled SEK 9,746
million in 2014, generating operating income of SEK 1,134 million before
depreciation of intangible assets. Indutrade is listed on the Nasdaq Stockholm.
