Indutrade acquires Young Black Ltd
Indutrade today entered into an agreement with the intention to acquire all of the shares in Young Black Industrial Stapling Ltd (www.youngblack.co.uk), with annual sales of approximately GBP 10 million.
Young Black is a technology sales company selling a wide range of fastening products, pneumatic tools, compressors, hoses and couplings to British industry and construction companies.
Possession is expected to take place in mid July 2017. The company will be part of Indutrade’s Special Products business area.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 22 June 2017
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO, tel. +46 70 820 80 87.
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 six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products. Indutrade’s sales totalled SEK 12,955 million in 2016, generating operating income of SEK 1,484 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.