Indutrade acquires Torque & Shaft Power Measurement Specialist
Indutrade has on 3 May 2019 signed an agreement to acquire all of the shares in Datum Electronics Ltd. (www. datum-electronics.co.uk), with annual sales of approximately GBP 4 million.
Datum Electronics develops, produces and sells innovative torque and shaft power measurement solutions such as shaft torque and power sensors, torque transducers and static strain gauge sensors. Applications areas include measuring and testing efficiency and performance of engines, pumps and motors. The worldwide customers can be found within for example the marine and general industry. The company has 26 employees and is based on Isle of Wight, United Kingdom.
The closing takes place today and the company will be included in Indutrade’s Business Area Measurement & Sensor Technology. The acquisition of Datum Electronics will be an add-on to Indutrade’s cluster of companies within weighing and torque measurement technologies.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 3 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