Indutrade has signed an agreement to acquire all of the shares in Vacuum
Engineering Services Ltd (www.vac-eng.com), Manchester, UK, with annual sales of
approximately 9 GBP million.
Vacuum Engineering is a leading manufacturer of leak detection equipment. 80% of
the company’s sales is being exported. Customers consist mainly of automotive
industry subcontractors along with important customers also in other sectors
such as air conditioning, fire safety and gas measurement.
Possession takes place 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, 5 July 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.
