KISTA, Sweden--Regulatory News:
Indutrade today signed an agreement to acquire all of the shares in Fluid Controls Ltd, UK, with annual sales of approximately GBP 3 million.
Fluid Controls (www.fluidcontrols.co.uk) is one of the UK’s leading suppliers of control and instrumentation solutions comprising valves, fittings and pressure regulators from leading suppliers. Customers are mainly in the semiconductor industry, analysis/environ-mental, power generation, food, pharmaceutical, oil and gas and process industries.
Possession takes place 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, 6 April 2016
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 six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade’s sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.
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