Indutrade has signed an agreement to acquire all of the shares in PECO Select
Fasteners B.V., Netherlands, with annual sales of approximately EUR 3 million.
PECO Select Fasteners (www.peconl.nl) supplies special and customized fasteners
to manufacturers of steel constructions within wind power, cranes, vessels and
buildings.
Possession takes place today, and the company will be part of Indutrade Benelux
which in turn is part of Indutrade’s Special Product business area. The
acquisition is expected to have a marginally positive impact on Indutrade’s
earnings per share.
Stockholm, 8 January 2016
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 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 &
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.
