New Business Area President appointed at Indutrade

Juha Kujula has been appointed as the new President of Indutrade's Engineering & Equipment business area. He has served as President of Indutrade's subsidiary Kontram Oy in Finland since 2009 and will continue in that capacity.

Juha Kujula will assume his duties as President of the business area on 1 January 2013 and succeeds Curt Kock, who is leaving Indutrade for a position outside of the Group.

Stockholm, 22 November 2012

INDUTRADE AB (publ)

         For further information, please contact:
         Johnny Alvarsson, President and CEO Indutrade, tel: +46 70 589 17 95.

About Us

Indutrade markets and sells components, systems and services with a high-tech content in selected niches. The business has two main focuses - companies engaged in industrial technology sales and companies that manufacture their own products. The Group's fundamental governing principle is based on decentralisation of decision-making and responsibility. The organisation is distinguised by entrepreneurship and technical niche expertise combined with a well-balanced spread of risk with respect to customers, products, suppliers, industries and geographic markets. Indutrade is organised into eight business areas; – Benelux– DACH– Finland– Flow Technology– Fluids & Mechanical Solutions– Industrial Components– Measurement & Sensor Technology– UK Indutrade’s sales totalled SEK 16,848 million in 2018, generating operating income of SEK 2,087 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.

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