Indutrade acquires manufacturer of tube components in the Netherlands

Indutrade has today signed an agreement to acquire all of the shares in Tubeworkx B.V. (www.tubeworkx.com), with annual sales of approximately EUR 5 million.

Tubeworkx manufactures niche tube components for the Dutch industry. The company redesigns straight pipes to advanced components by bending, welding and cold forming. Customers are in industries such as ventilation, medtech, vehicles and hydraulics.

Possession takes place today and the company will be part of Indutrade Benelux, which in turn is 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, 17 July 2017

INDUTRADE AB (publ)