Indutrade has on 22 December 2017 signed an agreement to acquire all of the shares in the Dutch company Tradinco Instrumenten-Apparaten B.V. (https://tradinco.com/). The agreement was signed after the market closed on Friday.
Tradinco Instruments was founded in 1963 and designs, manufactures and distributes test and calibration equipment for industrial applications and laboratories. The company is specialized in measuring pressure, temperature and electricity. The global customers are in a variety of industries, such as electronics, chemistry, power generation and medical technology. Tradinco Instruments has around 30 employees and sales of approximately EUR 7 million.
The closing took place on 22 December 2017 and Tradinco Instruments will be included in Indutrade’s Business Area Special Products. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 27 December 2017
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
tel. +46 8 703 03 00