Indutrade acquires Norsecraft Tec AS in Norway

Indutrade has on 20 July 2018 signed an agreement to acquire all of the shares in the Norwegian company Norsecraft Tec AS (www.norsecrafttec.no).

Norsecraft Tec is a leading technical trading company that offers automatic lubrication systems for construction machinery and industrial applications. A lubrication system ensures continuous lubricant delivery in machines to optimize operation and minimize stops. The offer also includes installation and the company has an extensive service network, covering entire Norway. Norsecraft Tec has 19 employees and net sales of approximately NOK 50 million.

The closing takes place today and the company will be included in Indutrade’s Business Area Industrial Components.

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

Stockholm, 20 July 2018

INDUTRADE AB (publ)

For further information, please contact:

Bo Annvik, President and CEO

Phone +46 8 703 03 00