Indutrade acquires Finnish technology sales company Puwimex Oy

Indutrade AB has signed an agreement to acquire all the shares in Puwimex Oy. The company’s annual sales amount to approximately EUR 6.5 M. Puwimex is a technology-sales company in the field of pump technology, with customers in the chemicals, pulp and paper, food and construction sectors. The acquisition of Puwimex will further strengthen Indutrade’s position in the pump-technology product segment. The acquisition is expected to have a marginal positive effect on Indutrade’s earnings per share. The acquisition of Puwimex takes effect as of January 1, 2006. Stockholm, November 17, 2005 INDUTRADE AB (publ)