Indutrade acquires manufacturer of industrial springs in the UK

Indutrade today acquired all of the shares in Micro Spring and Presswork Ltd, with annual sales of GBP 4 million.

Micro Spring and Presswork Ltd is a specialist manufacturer of a wide range of springs and stampings. Major customer segments are aerospace, defence, oil & gas, nuclear and hightech manufacturing.

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

Stockholm, 17 June 2014