Indutrade acquires German supplier of automation solutions
Indutrade has on 10 January signed an agreement with the intent to acquire all of the shares in the German company STEIN Automation GmbH & Co. KG (www.stein-automation.de/wp/en/), with annual sales of approximately EUR 10 million. The agreement was signed after the market closed.Stein Automation is a supplier of Pallet transfer systems for assembly-lines. The systems are Industry 4.0-ready and built up by standardized modules, providing flexible configuration and re-modelling features, to optimize the customers’ production processes. The customers are companies primarily based in Germany,