STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Indutrade (STO:INDT) has acquired all of the shares in Flowtec Industrietechnik GmbH, Graz, Austria, with annual sales of EUR 9 million.
Flowtec Industrietechnik GmbH is a technical sales company in the area of flow technology selling industrial valves, automation and filtration technology to the pulp and paper industry as well as the general industry in Austria and Eastern Europe.
Possession will be transferred on 1 January 2015, and the company will be part of Indutrade Switzerland in Indutrade’s Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 5 December 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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