Indutrade acquires Satron Instruments Process & Projects AB

Indutrade has acquired all shares in the Swedish technology sales company Satron Instruments Process & Projects AB. Satron’s operations comprise sales in the electronic measurement and control equipment sector for the global process industry and specialize in paper and pulp. The operations include everything from delivery of individual components to complete system solutions, including start-up and training. Satron’s net sales totaled SEK 41.3 M and EBITA amounted to SEK 1.3 M during the most recent 12-month period. The acquisition of Satron is estimated to have a marginal effect on Indutrade’s earnings for 2005. “This acquisition further strengthens our position as a supplier to the process industry. It is in accordance with our aims to continue growing through the acquisition of successful companies in our most important markets,” says President and Chief Executive Officer, Johnny Alvarsson.