Indutrade acquires Norwegian instrument company
On 1 July Indutrade signed an agreement to acquire all of the shares in Finisterra AS (www.finisterra.no) with annual sales of approximately 50 MNOK.
Finisterra is a niche technical trading business offering test- and measurement instruments from leading suppliers to customers in Norway and Sweden. The product offering is focused on moisture measurement instruments, but also includes other types of measurement equipment, as well as pumps. The offering is complemented by service, instrument calibration, and training.
The closing takes place today and Finisterra will be a subsidiary to Indutrade’s company Elma Instruments, which is part of the Industrial Components Business Area. Elma Instruments is one of the market leaders in Scandinavia within the field of handheld instruments for test- and measurement. The acquisition of Finisterra will strengthen Elma Instrument’s product offering and market position.
The acquisition is expected to have a marginally positive effect on Indutrade’s earnings per share.
Stockholm, 1 July 2019
INDUTRADE AB (publ)
For further information, please contact:
Joakim Skantze, Senior Vice President Industrial Components
Phone +46 70 637 73 50
Frida Adrian, Vice President Communications, Sustainability and IR
Phone +46 8 703 03 00, +46 70 930 93 24
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