Indutrade today signed an agreement to acquire all of the shares in KA Olsson & Gems AB, Sweden, (www.kao.nu), with annual sales of approximately 90 SEK million.
KA Olsson & Gems is a technical sales company and their operations are organised in three segments:
- Tape & Glue - with customers in the Swedish workshop industry
- Films & Digital – self-adhesive material for various segments in Sweden
- Display & Décor – targeting primarily international store chains
Possession takes place today, 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, 1 July 2016
INDUTRADE AB (publ)