Indutrade acquires Professional Parts Sweden AB
Indutrade today signed an agreement to acquire all of the shares in Professional Parts Sweden AB (Proparts), with annual sales of SEK 130 million.
Proparts is a technology sales company that supplies replacement parts to the automobile aftermarket. Customers, which are mainly in Europe and North America, consist largely of auto repair chains, automotive workshops and other traders.
Possession takes place today, and the company will be part of Indutrade’s Fluids & Mechanical Solutions business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 16 april 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 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 9,746 million in 2014, generating operating income of SEK 1,134 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq Stockholm.