Indutrade today entered into an agreement with the intention to acquire all of the shares in Crysberg A/S, Denmark (www.crysberg.dk), with annual sales of approximately DKK 70 million.
Crysberg develops and manufactures electronic control solutions primarily for irrigation systems used in such areas as parks, sports facilities and golf courses, as well as for general industrial applications.
Possession is expected to take place in mid-August 2016.
Crysberg will be part of Indutrade’s Measurement & Sensor Technology 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)