Indutrade acquires Geotech – Swedish specialist in geotechnical field equipment
Indutrade has signed an agreement to acquire all shares in the Swedish company Ingenjörsfirman Geotech AB, www.geotech.se, with annual sales of approximately SEK 100 million.Geotech develop, manufacture and sell equipment for geotechnical investigations. The offering consists of specialised drilling rigs, i.e., crawler penetrometers, as well as geotechnical instruments and field equipment, complemented by aftermarket services where the company offers repair and maintenance, spare parts and calibration services. The end customers for the drilling rigs are primarily engineering consulting