Indutrade acquires leading provider of professional balances and scales

Indutrade has on 2 May 2019 signed an agreement to acquire all of the shares in Adam Equipment Co Ltd (www.adamequipment.co.uk), with annual sales of approximately GBP 12 million. The agreement was signed after the market closed.

Adam Equipment develops, manufactures and sells a broad range of precision balances and scales for professional use. The company was founded in 1972 and the offering includes an extensive portfolio of weighing products and equipment, used worldwide in the laboratory, medical, education, industrial and food markets. The broad product range consists of inhouse developed balances and scales, which are often customised to specific end markets and application areas.

Headquartered in the United Kingdom, the company has established sales offices in Europe, North America, Africa, Asia and Australia to provide product support and speedy delivery to customers. Adam Equipment has a total of approximately 180 employees.

The closing took place 2 May and the company will be included in Indutrade’s Business Area Measurement & Sensor Technology.

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

Stockholm, 3 May 2019

INDUTRADE AB (publ)

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