Indutrade acquires Swedish measurement company AVA Monitoring
Indutrade has on 31 January signed an agreement to acquire all of the shares in AVA Monitoring AB, (https://avamonitoring.com/) with annual sales of approximately SEK 45 million.
AVA Monitoring develops, manufactures and sells vibration measurement and monitoring equipment used in connection to infrastructure engineering projects and construction projects. Through fully automated measurement systems with unattended and remotely controlled field instruments, ground vibrations and noise can be measured, controlled and monitored remotely via an online web application.
The company works through technological innovation to reduce the environmental impact on people, buildings, land, air and waterways in connection to, for example, infrastructure engineering projects. The customers are often specialized in providing measurement services in connection to construction projects and infrastructure engineering projects, mainly on the Nordic market. Additionally, AVA Monitoring’s products and solutions are being sold via distributors in the UK, Australia and Canada.
The closing takes place today and the company will be included in Indutrade’s Business Area Measurement & Sensor Technology.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 31 January 2020
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