KISTA, Sweden--(BUSINESS WIRE)--Regulatory News:
Indutrade (STO:INDTB) today acquired all of the shares in Micro Spring and Presswork Ltd, with annual sales of GBP 4 million.
Micro Spring and Presswork Ltd is a specialist manufacturer of a wide range of springs and stampings. Major customer segments are aerospace, defence, oil & gas, nuclear and hightech manufacturing.
Possession will be transferred 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, 17 June 2014
INDUTRADE AB (publ)
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 8,831 million in 2013, generating operating income of SEK 990 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.
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