Indutrade acquires welding product supplier

Indutrade has on 1 March 2019 signed an agreement to acquire all of the shares in the British company Wholesale Welding Supplies Ltd (www.weldability-sif.com). The agreement was signed after the market closed on Friday.

Weldability Sif, which is the company’s brand name, is a broad range supplier of equipment, consumables products and education services to the industrial welding market. Beyond welding machines, consumables and accessories, the company also provides fume and dust extraction solutions, workplace environment monitoring and testing services. With fast, reliable product delivery, dedicated customer service and a fully-equipped modern training centre, Weldability Sif is a trusted provider to distributors mainly in the UK. Weldability Sif has 42 employees and net sales of approximately GBP 8 million.

The closing took place on 1 March 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 March 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.se

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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 19.2 billion in 2020, and the share is listed on Nasdaq Stockholm in Sweden.

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