Indutrade has acquired all of the shares in Adaero Precision Components Ltd in the UK, with annual sales of GBP 4.4 million, from Cosworth Group Holdings Ltd.
Adaero is a specialist manufacturer of high precision components, from glass reinforced plastics and aluminium to stainless and special alloys, machined to customer requirements, mainly for optical, medical, laser and leak detection applications.
Possession will be transferred immediately, and the company will be part of Indutrade UK in Indutrade’s Special Products business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 9 January 2015
INDUTRADE AB (publ)