Regulatory News:
Indutrade (STO:INDT) 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)
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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Contacts:
Indutrade
Johnny Alvarsson, President and CEO
tel. +46 70 589 17 95.