Indutrade acquires Türenfabrik Safenwil AG in Switzerland
Indutrade today signed an agreement to acquire all of the shares in Türenfabrik Safenwil AG (www.tuerenfabrik.ch), with annual sales of approximately CHF 8 million.
The company manufactures various kinds of doors, such as interior and exterior doors, fire protection doors and security doors. Customers are primarily construction contractors in the Swiss market.
Possession takes place today and the company will be part of Indutrade Switzerland which in turn is 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, 13 March 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 12,995 million in 2016, generating operating income of SEK 1,4284million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.