Indutrade acquires Alcatraz Interlocks BV in the Netherlands

Indutrade today siged an agreement to acquire all of the shares in the Dutch company Alcatraz Interlocks BV, with annual sales of approximately EUR 2 million.

Alcatraz designs and manufactures interlock systems that safeguard critical installations.

Each system is based on the patented key and lock design, which eliminates the change of human error. The operator must follow a predetermined sequence by means of a mechanical coded key transfer. Alcatraz has successfully deployed systems in the oil & gas, chemical and off shore industries. 

Possession will take place today, when the company becomes part of the Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 1 April 2011

INDUTRADE AB (publ)

For further information, please contact:

Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.

 

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