Indutrade acquires Geomek AB

Indutrade today acquired all of the shares in Geomek Stockholms Geomekaniska AB, Sweden, with annual sales of SEK 140 million.

Geomek markets and sells solutions, products and services in geotechnical surveying and the foundation drilling industry. The company has a well equipped service organisation enabling repairs both in its workshop or in the field. The business is focused on large and medium-sized contractors as well as independent consultants. 

Possession will be transferred today, and the company will be part of Indutrade’s Industrial Components business area. The acquisition is expected to have a marginal positive impact on Indutrade’s earnings per share.

Stockholm, 14 April 2015

INDUTRADE AB (publ)