Indutrade acquires MaxxVision in Germany
Indutrade today signed an agreement to acquire all of the shares in MaxxVision GmbH, Stuttgart, Germany (www.maxxvision.com), with annual sales of approximately EUR 8 million.
MaxxVision is a technology sales company that offers image handling technology for industries and visual communication, such as cameras, lenses and lighting for applications such as quality control, manufacturing, robot control, product identification and analyses.
Possession takes place today and the company will be part of Indutrade’s Industrial Components business area.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 18 April 2017
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 & Sensor Technology and Special Products. Indutrade’s sales totalled SEK 12,955 million in 2016, generating operating income of SEK 1,484 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.