Indutrade acquires Alphr Technology Ltd
Indutrade has signed an agreement to acquire all of the shares in Alphr Technology Ltd, UK, ( www.alphrtechnology.co.uk ), with annual sales of approximately 7 GBP million.
Alphr Technology designs and manufactures customized equipment for manual and automated production lines. Their portfolio extends from simple mechanical Poka-yoke assembly stations to semi-automatic assembly and test stations, robotic manufacturing cells, rotary machines and even fully automated palletized production lines. Customers are primarily in the automotive industry, and 75% of sales are exported.
Possession takes place immediately, 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, 21 September 2016
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.
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.