Indutrade acquires Beldam Crossley Ltd
Indutrade today signed an agreement to acquire all of the shares in Beldam Crossley Ltd, UK, with annual sales of approximately GBP 7 million.
Beldam Crossley (www.beldamcrossley.co.uk) manufactures packings and seals, advanced engineered polymers and slide bearings. The company’s customers come from a range of industries, including power generation, aerospace, and the defence, construction and marine 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, 1 April 2016
INDUTRADE AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO: +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 and 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 the Nasdaq Stockholm.