Indutrade Acquires Dutch Distributor of Fasteners

Indutrade has signed an agreement to acquire all of the shares in PECO Select Fasteners B.V., Netherlands, with annual sales of approximately EUR 3 million. PECO Select Fasteners supplies special and customized fasteners to manufacturers of steel constructions within wind power, cranes, vessels and buildings. The company will be part of Indutrade Benelux which in turn is part of Indutrade's Special Product 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 sales totalled SEK 9,746 million in 2014, generating operating income of SEK 1,134 million. Indutrade is listed on the Nasdaq Stockholm.