Indutrade today signed an agreement to acquire all of the shares in Klokkerholm
Karosseridele A/S, Denmark, with annual sales of approximately DKK 250 million.
Klokkerholm, with a strong market position, offers a wide range of spare parts
to the automotive repair industry, including bumpers, grills, doors, rear-view
mirrors and lamps. While the Nordic countries make up the company’s largest
market, a considerable share of sales are made to customers in other European
countries and the USA.
“Following last year’s acquisition of Professional Parts AB, the acquisition of
Klokkerholm entails a further strengthening of our business in an interesting
segment,” says Johnny Alvarsson, President and CEO of Indutrade AB. “After this
acquisition, the Group’s annual sales in this area are estimated to amount to
approximately SEK 430 million.”
Kim Weidemann, CEO of Klokkerholm, comments: “Together with our former owner
Capidea, we have strengthened both our sales and earnings, and added business in
the aftermarket segment. Klokkerholm’s management looks forward to continuing on
this journey together with Indutrade.”
Possession takes place today, and the company will be part of Indutrade’s Fluids
& Mechanical Solutions business area. The acquisition is expected to have a
marginally positive impact on Indutrade’s earnings per share.
Stockholm, 3 May 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
- 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 11,881
million in 2015, generating operating income of SEK 1,427 million before
depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.
