Indutrade acquires Brittish company in filtration technology
Indutrade today acquired all of the shares in Filtration Ltd, UK, with annual sales of GBP 2.8 million.
Filtration Ltd supplies high quality filters manufactured by world known manufactures for mobile plant applications such as for the construction equipment, agricultural, military and industrial process applications as well as OEM producers.
Possession will be transferred today, and the company will be a subsidiary of ESI Technologies Ltd which in turn is part of Indutrade’s Special Products business area. The acquisition is expected to have a marginal positive impact on Indutrade’s earnings per share.
Stockholm, 6 March 2015
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 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 and Sensor Technology and Special Products. Indutrade’s sales totalled SEK 9,746 million in 2014, generating operating income of SEK 1,134 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.