Indutrade expands in Austria

Indutrade has acquired all of the shares in Flowtec Industrietechnik GmbH, Graz, Austria, with annual sales of EUR 9 million.

Flowtec Industrietechnik GmbH is a technical sales company in the area of flow technology selling industrial valves, automation and filtration technology to the pulp and paper industry as well as the general industry in Austria and Eastern Europe.

Possession will be transferred on 1 January 2015, and the company will be part of Indutrade Switzerland in Indutrade’s Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

Stockholm, 5 December 2014