Indutrade has signed an agreement to acquire all of the shares in Alphr Technology Ltd, UK, (www.alphrtechnology.co.uk), with annual sales of approximately 7 GBP million.
Alphr Technology designs and manufactures customized equipment for manual and automated production lines. Their portfolio extends from simple mechanical Poka-yoke assembly stations to semi-automatic assembly and test stations, robotic manufacturing cells, rotary machines and even fully automated palletized production lines. Customers are primarily in the automotive industry, and 75% of sales are exported.
Possession takes place immediately, 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, 21 September 2016
INDUTRADE AB (publ)