Indutrade strengthens its position in the area of control technology
Indutrade today acquired all of the shares in Rossing & Jansson AB, Sweden, with annual sales of approximately SEK 20 million.
For nearly 40 years Rossing & Jansson has provided complete system solutions, standalone products and services in the areas of automation and control technology for energy production, industry and shipping. The acquisition of Rossing & Jansson strengthens Indutrade’s market position in the area of control technology. Organisationally the company will be part of the Flow Technology business area, which had net sales of SEK 1,712 million in 2008. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share. Stockholm, 2 September 2009 INDUTRADE AB (publ)