Indutrade Acquires Several Trading Companies in Finland

Indutrade Acquires Several Trading Companies in Finland Industrivärden's subsidiary Indutrade has acquired Pinteco Oy, Helsinki, Fin- land. Pinteco Oy conducts trading in industrial components, primarily in the area of pump technology, and represents a number of leading manufacturers in Europe and the U.S. The acquired company had sales of approximately SEK 45 M in 1998, with good profitability. The acquisition is a step in the development of Indu- trade's industrial flow technology product area, which following this acquisi- tion has annual sales in excess of SEK 400 M. Indutrade is active in the trading of industrial components in Sweden, Fin- land, Denmark, Belgium, and the Netherlands. Sales in 1998 totaled SEK 1.7 billion. In addition, in late 1998 Indutrade acquired Kiinnike-Kolmio Oy, of Tampere, Finland. Kiinnike-Kolmio Oy conducts trading in fasteners for the construction industry and represents a number of leading manufacturers in Europe. Sales totaled ap- proximately SEK 30 M in 1998, with good profitability. The acquisition is a step in the development of Indutrade's joinery technology product area, which also included the acquisition in 1998 of Vipmek Oy, Helsinki, with annual sales of approximately SEK 25 M. Following these acquisitions, the joinery technology product area will have annual sales of approximately SEK 250 M. Stockholm, Sweden, March 11, 1999 AB INDUSTRIVÄRDEN (publ.) For further information, please contact: Gunnar Tindberg, President, Indutrade, tel. +46-8-703 02 00 Carl-Olof By, Executive Vice President and CFO, Industrivärden, tel. +46-8-666 64 00 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/11/19990311BIT00020/bit0001.doc http://www.bit.se/bitonline/1999/03/11/19990311BIT00020/bit0002.pdf