Indutrade has on 1 March 2019 signed an agreement to acquire all of the shares in the British company Wholesale Welding Supplies Ltd (www.weldability-sif.com). The agreement was signed after the market closed on Friday.
Weldability Sif, which is the company’s brand name, is a broad range supplier of equipment, consumables products and education services to the industrial welding market. Beyond welding machines, consumables and accessories, the company also provides fume and dust extraction solutions, workplace environment monitoring and testing services. With fast, reliable product delivery, dedicated customer service and a fully-equipped modern training centre, Weldability Sif is a trusted provider to distributors mainly in the UK. Weldability Sif has 42 employees and net sales of approximately GBP 8 million.
The closing took place on 1 March and the company will be included in Indutrade’s Business Area UK.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 4 March 2019
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00