Indutrade strengthening its position in control and measurement technology

Indutrade today signed an agreement to acquire all of the shares in the Finnish company Geotrim Oy in Helsinki, with annual sales of approximately SEK 100 million.

Geotrim supplies instruments, systems and software for geospatial solutions in qualified, satellite-based positioning. The company provides own networks with coverage throughout Finland. Customers are primarily in the public sector, infrastructure and the steel, energy, agriculture and forest industry segments. 

"This is our third acquisition this year," says Johnny Alvarsson, President and CEO of Indutrade. "Geotrim is a very good complement to our previous acquisitions in the control and measurement technology segment, which has potential for development. Since our first acquisition in this segment in 2005 we have added businesses which today have combined annual sales of approximately SEK 750 million."

Possession will be transferred in March, and the company will be part of Indutrade’s Engineering & Equipment business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 27 February 2012

INDUTRADE AB (publ)

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