Indutrade has on 22 November signed an agreement to acquire all of the shares in Intergate AB, (https://www.intergate.se/) with annual sales of approximately SEK 40 million.
Intergate is a supplier of security products such as boom barriers, entry gates, bollards, and security access controlled gates. Since 1995, Intergate has been providing automated solutions for both personal safety and smooth access of vehicles, to companies, government authorities, sports facilities and airports in the Swedish market. Intergate offers customized installations of high quality products from European manufacturers ranging from boom barriers in parking garages to entrance control in office buildings.
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, 22 November 2019
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00