Indutrade acquires Natgraph – leader in advanced drying technology

Indutrade has on 3 July signed an agreement to acquire all of the shares in the British company Natgraph Ltd (www.natgraph.co.uk), with annual sales of approximately GBP 10 million. The agreement was signed after the market closed.

Natgraph designs and manufactures an extensive range of drying and curing systems for industrial print applications. Application areas are for examples within the medical, electronic and automotive industries with customised solutions for products such as biosensors, labels, in-mould electronics and credit cards.

The company is vertically integrated, producing much of its own machine chassis, paneling and final assembly, resulting in great flexibility and agility, retaining high quality with short lead-times in a cost-effective manner. With a leading global market position, Natgraph exports to customers in Europe, the Americas and Asia.

The closing took place 3 July and the company will be included in Indutrade’s Business Area UK.

The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 4 July 2019

INDUTRADE AB (publ)

For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00

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
- 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

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About Us

Indutrade is an international technology and industrial business group that today consists of more than 200 companies in some 30 countries, mainly in Europe. In a decentralised way, we aim to provide sustainable profitable growth by developing and acquiring successful companies managed by passionate entrepreneurs. Our companies develop, manufacture, and sell components, systems and services with significant technical content in selected niches. Our value-based culture, where people make the difference, has been the foundation of our success since the start in 1978. Indutrade's net sales totalled SEK 18.4 billion in 2019, and the share is listed on Nasdaq Stockholm in Sweden.

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