Indutrade's acquisition of Swiss Aschera Holding completed

Indutrade today carried out the acquisition of all of the shares in Aschera Holding AG, the parent company of Swiss industrial group Abima, with annual sales of approximately SEK 400 million.

The group has more than 170 employees in Switzerland, Austria and Germany, and consists of seven niche sales companies with a focus on technical problem-solving. The companies have specialist expertise in four main areas: control and regulation of flows, insulation against cold, heat and sound, rust/corrosion prevention and fire safety.

Customers are primarily in the pharmaceuticals, energy, chemicals, petrochemicals, food, paper and pulp, and water/sewage industrial segments. Valves and actuators are key product groups.

Possession of the company takes place today, when the Abima Group becomes 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, 4 January 2011 

INDUTRADE AB (publ)

         For further information, please contact:
         
         Johnny Alvarsson, President and CEO, tel: +46 70 589 17 95.