Indutrade and Wavin N.V. in Zwolle, Netherlands, today signed an agreement in which Indutrade acquires the Net & Instrument division of Wavin-Labko Oy in Finland with annual sales of SEK 60 million.
The Net & Instrument division markets and sells Alarm and Measurement units, LabkoNet and Automation solutions, as well as Ice Detection units. Their customers are gas stations, airports, car parks, oil companies and water purification plants among others.
Organisationally, the Net & Instrument division will be included in the Engineering & Equipment business area, which had net sales of SEK 1,576 million in 2006.
The acquisition is Indutrade’s seventh this year and is expected to have a marginally favourable impact on Indutrade’s earnings per share. The companies acquired during the year to date have combined annual sales of approximately SEK 380 million.
Stockholm, 14 August 2007
INDUTRADE AB (publ)