5 Oct, 2007 13:00 CET
Indutrade today acquired all of the shares in ELRA AS in Oslo, Norway, with
annual sales of approximately SEK 10 million.
Elra is a technical sales company mainly focusing on products like servo motors
and bonding material. Through the acquisition Indutrade will strengthen its
position in the Norwegian market as well as in the transmission product
segment.
Organisationally Elra will be included in the Engineering & Equipment business
area, which had annual sales of SEK 1,576 million in 2006.
The acquisition, which is Indutrade's tenth this year, is expected to have a
marginally positive impact on Indutrade's earnings per share. The companies
acquired to date during the year have combined annual sales of approximately
SEK 450 million.
Stockholm, 5 October 2007
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, phone: +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 structured into four business areas: Engineering & Equipment, Flow
Technology, Industrial Components and Special Products. Indutrade's sales
totalled SEK 4,516 million in 2006, generating operating income of SEK 460
million before depreciation of intangible assets. Indutrade is listed on the
OMX Nordic Exchange in Stockholm.
