Indutrade acquires Geomek AB

Indutrade today acquired all of the shares in Geomek Stockholms Geomekaniska AB, Sweden, with annual sales of SEK 140 million.

Geomek markets and sells solutions, products and services in geotechnical surveying and the foundation drilling industry. The company has a well equipped service organisation enabling repairs both in its workshop or in the field. The business is focused on large and medium-sized contractors as well as independent consultants. 

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 marginal positive impact on Indutrade’s earnings per share.

Stockholm, 14 April 2015

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 Hhgh-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 and Sensor Technology and Special Products. Indutrade’s sales totalled SEK 9,746 million in 2014, generating operating income of SEK 1,134 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq Stockholm.