Indutrade acquires Sverre Hellum & Sønn – supplier of diamond tools

Indutrade has on 4 February signed an agreement to acquire all of the shares in the Norwegian company Sverre Hellum & Sønn AS , with annual sales of approximately NOK 65 million.Sverre Hellum & Sønn is a supplier of diamond tools and associated equipment to the Norwegian market. Diamond tools are used in a wide range of industries such as infrastructure, on- and off-shore construction and geological prospecting (e.g. mining). The offering also includes machine equipment to industries in which diamond tools are used, with a focus on the construction industry.