Indutrade acquires Nolek

Indutrade has signed an agreement to acquire all of the shares in Nolek AB, Sweden, with annual sales of approximately SEK 160 million.

Nolek is a leading producer of instruments and machines for leak testing, leak detection and proof testing. The company has production facilities in Sweden and Malaysia, and sales companies in the USA, Hungary and Denmark. Customers are internationally active companies in a range of areas, including the automotive, pharmaceutical, electronics and engineering industries. 

Commenting on the acquisition, Johnny Alvarsson, President and CEO of Indutrade, said: "Through the acquisition of Nolek we are taking an important step in further strengthening our involvement in sensor and measurement technology. With production in Asia and a well developed sales network, the company has an excellent position in a market that is experiencing strong growth."

Erik Thomaeus, President of Nolek, commented: "With Indutrade as a long-term, strong and stable owner, we will have the right tools and a foundation for our continued expansion. We believe that we will be able to fulfil our ambition to be a global leader in our specialised area faster and more sustainably in the long term as part of Indutrade."

Possession will take place on 6 December, at which time the company will become part of the Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.

Nolek is Indutrade's eleventh acquisition in 2012. Companies acquired during the year have combined annual sales of SEK 730 million.                

Stockholm, 5 December 2012


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