Indutrade AB
Indutrade strengthening its position in control and measurement technology
Indutrade AB 27.02.2012 13:12 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 today signed an agreement to acquire all of the shares in the Finnish company Geotrim Oy in Helsinki, with annual sales of approximately SEK 100 million. Geotrim supplies instruments, systems and software for geospatial solutions in qualified, satellite-based positioning. The company provides own networks with coverage throughout Finland. Customers are primarily in the public sector, infrastructure and the steel, energy, agriculture and forest industry segments. 'This is our third acquisition this year,' says Johnny Alvarsson, President and CEO of Indutrade. 'Geotrim is a very good complement to our previous acquisitions in the control and measurement technology segment, which has potential for development. Since our first acquisition in this segment in 2005 we have added businesses which today have combined annual sales of approximately SEK 750 million.' Possession will be transferred in March, and the company will be part of Indutrade's Engineering & Equipment business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share. Stockholm, 27 February 2012 INDUTRADE AB (publ) For further information, please contact: Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95. News Source: NASDAQ OMX 27.02.2012 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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