Indutrade acquires Finkova - Finnish supplier of industrial valves

Indutrade has on 2 September signed an agreement to acquire all of the shares in Finkova Oy, (www.finkova.fi) with annual sales of approximately EUR 8.5 million.

Finkova is a niche technical trading business offering valve solutions to the process industry and boiler manufacturers. The product range consists of a wide variety of valves such as control valves, safety valves and on/off high-pressure valves. Customers, acting both globally and on the Finnish market, are in the pulp and paper, petrochemical, energy and steel industries, among others. The offering is complemented by services and extensive technical expertise.

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

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

Stockholm, 2 September 2019

INDUTRADE AB (publ)

For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00