Indutrade today acquired all of the shares in BL Products AB, Sweden, with
annual sales of SEK 20 million.
BL Products sells and installs packaging machinery. Product examples are
molding, filling and sealing machines. Customers are mostly in the Swedish food
Possession will be transferred today, 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.
Indutrade markets and sells components, systems and services with a high-tech
content within selected niches. Indutrade's business is distinguished by
- high-tech products for recurring needs
- growth through a structured and tried-and tested acquisition strategy
- a decentralised organisation characterised by an entrepreneurial spirit.
The Group is organised into five business areas: Engineering & Equipment, Flow
Technology, Fluids & Mechanical Solutions, Industrial Components and Special
Products. Indutrade's sales totalled SEK 8,831 million in 2013, generating
operating income of SEK 990 million before depreciation of intangible assets.
Indutrade is listed on the Nasdaq OMX Stockholm.