Indutrade acquires Norwegian company in oil and gas industry

Indutrade today signed an agreement to acquire all of the shares in Thermotech AS, Norway, with annual sales of approximately SEK 70 million.

Thermotech sells products and services in heat treatment, machine service and bolt tension. Customers are mainly in the Norwegian oil and gas industry, both on- and offshore.

Possession is expected to take place in January 2013 after clearance has been obtained from the Norwegian competition authorities. The company will be part of Indutrade's Industrial Components Business Area.

The acquisition is expected to have a marginally positive effect on Indutrade's earnings per share.

Stockholm, 13 December 2012


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