Indutrade signs agreement to acquire Crysberg A/S

2016-07-01

Indutrade today entered into an agreement with the intention to acquire all of the shares in Crysberg A/S, Denmark (www.crysberg.dk), with annual sales of approximately DKK 70 million.

Crysberg develops and manufactures electronic control solutions primarily for irrigation systems used in such areas as parks, sports facilities and golf courses, as well as for general industrial applications.

Possession is expected to take place in mid-August 2016.

Crysberg will be part of Indutrade’s Measurement & Sensor Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 1 July 2016

INDUTRADE AB (publ)

For further information, please contact:

Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.

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 six business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and Special Products.  Indutrade’s sales totalled SEK 11,881 million in 2015, generating operating income of SEK 1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.

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