Indutrade acquires another company in Norway
2007-10-05
Indutrade today acquired all of the shares in ELRA AS in Oslo, Norway, with annual sales of approximately SEK 10 million.
Elra is a technical sales company mainly focusing on products like servo motors and bonding material. Through the acquisition Indutrade will strengthen its position in the Norwegian market as well as in the transmission product segment.
Organisationally Elra will be included in the Engineering & Equipment business area, which had annual sales of SEK 1,576 million in 2006.
The acquisition, which is Indutrade’s tenth this year, is expected to have a marginally positive impact on Indutrade’s earnings per share. The companies acquired to date during the year have combined annual sales of approximately SEK 450 million.
Stockholm, 5 October 2007
INDUTRADE AB (publ)