Indutrade acquires another manufacturer of industrial springs

Indutrade today acquired all of the shares in Carrab Industri AB, with annual sales of SEK 26 million. Carrab manufactures stamped sheet metal parts and industrial springs and belonged to the same group as Indutrade's recently acquired subsidiary Spinova.

The acquisition strengthens Indutrade's expertise primarily in the area of flat spring manufacturing. Organisationally the company will be included in the Special Products business area, which had annual sales of SEK 1,094 million in 2006.

The acquisition, which is Indutrade's fifth this year, is judged to have a marginally positive impact on Indutrade's earnings per share. The companies acquired to date during the year have combined annual sales of SEK 251 million.

Stockholm, 4 May 2007