KISTA, Sweden--(BUSINESS WIRE)--Regulatory News:
Indutrade (STO:INDTB) today signed an agreement to acquire all of the shares in Svenska Geotech AB, a niche company in the infrastructure segment with sales of approximately SEK 40 million. Svenska Geotech imports and supplies building site preparation and civil engineering products. The largest product groups are bentonite, geotextiles, piping and water/wastewater products, its own Gabiola and Geobes brands, and drainage products.
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 marginally positive impact on Indutrade’s earnings per share.
Stockholm, 17 March 2014
INDUTRADE AB (publ)
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 five business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components and Special Products. Indutrade's sales totalled SEK 8,384 million in 2012, generating operating income of SEK 905 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
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