Indutrade continues acquiring in the UK
Indutrade has acquired all of the shares in Adaero Precision Components Ltd in the UK, with annual sales of GBP 4.4 million, from Cosworth Group Holdings Ltd.
Adaero is a specialist manufacturer of high precision components, from glass reinforced plastics and aluminium to stainless and special alloys, machined to customer requirements, mainly for optical, medical, laser and leak detection applications.
Possession will be transferred immediately, and the company will be part of Indutrade UK in Indutrade’s Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 9 January 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 8,831 million in 2013, generating operating income of SEK 990 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Stockholm.