Indutrade 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)
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 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.
