Indutrade acquires additional med-tech company

Following the acquisition of Rubin Medical AB last month, Indutrade today signed an agreement to acquire all of the shares in Conroy Medical AB, Sweden, with annual sales of approximately SEK 30 million.

Conroy Medical manufactures and supplies med-tech products for blood handling. Major products are in the sealing of blood bags. Sales are mainly for export.

Possession will be transferred today, and the company will be part of Indutrade’s Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.                

Stockholm, 5 June 2012

INDUTRADE AB (publ)

         For further information, please contact:
         
         Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.