Indutrade has today signed an agreement to acquire all the shares in TriboTec AB. The company’s annual sales amount to approximately SEK 70 M.
TriboTec AB supplies chemical-technical products within the areas of corrosion protection, bonding and lubrication technology mainly to the Swedish market. Some 10 % of the sales are delivered to Denmark and 1 % to Norway. Customers are mainly within the mechanical industry as well as the automotive industry and their sub-contractors.
The acquisition of TriboTec will further strengthen Indutrade’s position in the area of chemical products and is expected to have a marginal positive effect on Indutrade’s earnings per share.
Stockholm, June 9, 2006
INDUTRADE AB (publ)