Indutrade signed an agreement to acquire all of the shares in Hydnet AB, Sweden, with annual sales of approximately SEK 80 million.
Hydnet supplies hydraulic components and shock absorbers from leading manufacturers within hydraulics and motion control. Customer applications are mainly in the mobile, marine and general industry.
Possession will be transferred in August, and the company will be part of Indutrade’s Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 15 June 2012
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.