Indutrade acquires electronics company

Indutrade today signed an agreement to acquire all of the shares in the Swedish company Abelko Innovation AB, with annual sales of approximately SEK 60 million.

Abelko offers specially adapted solutions for energy measurement, remote control, building automation, energy optimization and operational monitoring. The company's solutions are based on proprietary technical platforms, and customers are in the engineering, medical technology, energy and real estate management sectors. Abelko is a good complement to other Indutrade companies engaged in similar activities, such as Pentronic, Flintec, Gedevelop, Labkotec and Damilini. 

Possession will take place today, when the company becomes part of the Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.                

Stockholm, 7 February 2011 


         For further information, please contact:
         Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.