Indutrade growing in Benelux
2011-01-07
Indutrade has signed an agreement to acquire all of the shares in the technology sales companies Mijnsbergen B.V. and ATB Automation, with operations in the Netherlands and Belgium, and annual sales of approximately SEK 60 million.
Mijnsbergen and ATB automation provide a wide range of products and customised solutions in the areas of power transmission, motion control and linear systems. Customers are primarily in the engineering, automation, construction, industrial equipment, automotive and food industries.
Possession takes place today, when the company will become part of Indutrade’s Special Products business area, which had net sales of SEK 1,877 million in 2009.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 7 January 2011
INDUTRADEAB(publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel: +46 70 589 17 95.