Indutrade today signed an agreement to acquire all of the shares in Fluid Controls Ltd, UK, with annual sales of approximately GBP 3 million.
Fluid Controls (www.fluidcontrols.co.uk) is one of the UK’s leading suppliers of control and instrumentation solutions comprising valves, fittings and pressure regulators from leading suppliers. Customers are mainly in the semiconductor industry, analysis/environ-mental, power generation, food, pharmaceutical, oil and gas and process industries.
Possession takes place today, and the company will be 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, 6 April 2016
INDUTRADE AB (publ)