Indutrade acquires Dutch company QbiQ Group

On 26 April 2019 Indutrade has signed an agreement to acquire all of the shares in the Dutch company QbiQ Group B.V. The group owns both QbiQ B.V. (www.qbiq.nl) and Plooijer Zaandam B.V. (www.plooijer.nl).

QbiQ Group designs, develops and manufactures movable fire proof, sound reduction and normal partition walls solutions, with Cradle to Cradle certified products such as architectural glass fronts. The market includes both new buildings and renovation, and the company works in close cooperation with a network of architectures. The end customers are installers and construction companies. QbiQ Group has about 80 employees and net sales of approximately EUR 30 million.

The closing takes place today, and the QbiQ Group will be included in Indutrade’s Business Area Benelux.

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

Stockholm, 26 April 2019

INDUTRADE AB (publ)