Indutrade today signed an agreement to acquire all of the shares in Ellard Ltd (www.ellard.co.uk), with annual sales of approximately GBP 8.5 million.
Ellard is a specialist manufacturer of drives, motors and controls for industrial, commercial and residential doors and shutters, complemented with a wide range of accessories. In addition Ellard also offers a wide range of gate and barrier automation. Customers are manufacturers and installation contractors of doors, shutters and gates in the UK and Ireland.
Possession takes place today and Ellard 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, 13 February 2017
INDUTRADE AB (publ)