Indutrade expands in Switzerland

Indutrade acquired today all of the shares in AP Tobler AG, Switzerland, with annual sales of approximately EUR 4 million.

Tobler is specialised in surface treatment of stainless steel and aluminium for the pharmaceutical industry. The major markets are Switzerland and the EU.

Possession will be transferred in January 2014. Tobler will be part of Ateco Services AG, Switzerland, which in turn is part of Indutrade’s Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 19 December 2013

INDUTRADE AB (publ)