Indutrade AB
Indutrade acquires Hydnet AB
Indutrade AB 15.06.2012 08:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Indutrade signed an agreement to acquire all of the shares in Hydnet AB, Sweden, with annual sales of approximately SEK 80 million. Hydnet supplies hydraulic components and shock absorbers from leading manufacturers within hydraulics and motion control. Customer applications are mainly in the mobile, marine and general industry. Possession will be transferred in August, and the company will be part of Indutrade's Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share. Stockholm, 15 June 2012 INDUTRADE AB (publ) For further information, please contact: Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95. News Source: NASDAQ OMX 15.06.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Indutrade AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001515552 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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