Indutrade’s acquisition of Crysberg A/S completed

As announced in a press release on 1 July, Indutrade today carried out the acquisition of 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 of the company takes place today and 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, 12 August 2016

INDUTRADE AB (publ)