Indutrade has on 4 March signed an agreement to acquire all of the shares in STRIHL Scandinavia AB (www.strihl.se) with annual sales of SEK 60 million. The agreement was signed after the market closed yesterday.
STRIHL is a leading supplier of outdoor light fixtures. Its offering comprises LED products for outdoor lighting of roads, streets, parks and sports venues. STRIHL is an innovative company characterised by high-technology products with a focus on energy efficiency and quality. The company designs and manufactures light poles, high-mast lighting systems and customised light fixtures in its certified and modern production facility in Kungsbacka, Sweden. Customers include municipalities and electrical installers in the Swedish and Finnish markets.
The closing took place on 4 March and the company will be included in Indutrade’s Business Area Fluids & Mechanical Solutions.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 5 March 2019
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00