Indutrade acquires Färber & Schmid AG in Switzerland
Indutrade has on 29 May signed an agreement to acquire all of the shares in Färber & Schmid AG (www.faerber-schmid.ch), with annual sales of approximately CHF 23 million. The agreement was signed after the market closed.
Färber & Schmid is a company specializing in environmental-friendly chemicals for industrial waste water treatment and the surface treatment market. The products are based on environmentally friendly chemicals and most of them are mixed according to own recipes in the field of waste water treatment and special cleaning chemicals. With innovative solutions and custom-made products adapted to the customers’ specific needs and waste water treatment requirements, the company strives to spare and conserve resources to the utmost, both economically and environmentally.
Färber & Schmid also provides services within plant and design construction of industrial water and waste water treatment systems. Customers can be found in for example the paint and coating industry and the mechanical industry. The company has 22 employees and are based in Dietikon, Switzerland, with an established office also in Stuttgart, Germany.
The closing took place on 29 May and the company will be included in Indutrade’s Business Area DACH.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 31 May 2019
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00
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
- A decentralised organisation characterised by an entrepreneurial spirit
The Group is organised into eight Business Areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and UK. Indutrade’s sales totalled SEK 16,848 million in 2018, generating an operating profit of SEK 2,087 million before amortisation of intangible assets. Indutrade is listed on Nasdaq Stockholm. Please read more at www.indutrade.com