Indutrade acquires Danish sensor manufacturer

Indutrade has signed an agreement to acquire all of the shares in Senmatic A/S, Odense, Denmark, with annual sales of approximately DKK 120 million.

Senmatic (www.senmatic.com) manufactures a wide range of standard and customised sensors for measurement of temperature and relative humidity. Customers are primarily in such sectors as marine refrigerated cargo, petrochemical, power generation and processing as well as other marine applications. Senmatic also offers climate control systems for industrial greenhouses and LED lighting systems.

Possession takes place today, and the company will be part of Indutrade’s Measurement & Sensor Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 18 March 2016

INDUTRADE AB (publ)

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

About Indutrade
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by high-tech products for recurring needs, growth through a structured and tried-and tested acquisition strategy and a decentralised organisation characterised by an entrepreneurial spirit.

The Group is organised into six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade’s sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq Stockholm.