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2016-11-08

Indutrade AB: Indutrade acquires Scanmaskin Group, Sweden

Indutrade has signed an agreement to acquire all of the shares in
Scanmaskin Group, Sweden, (www.scanmaskin.se), with annual sales of
approximately 120 SEK million.

The Group's operations are broken down into two main areas:

· Machine manufacturing and design
· Industrial surfacing material

Scanmaskin manufactures floor grinding, surface finishing and
polishing equipment. The company has a wide range of grinding and
polishing machines as well as industrial surfacing material.
Customers are primarily in Europe and the USA and consist mainly of
floor layers, professional surfacing companies, and machine rental
companies.

Possession takes place today, and the company will be part of
Indutrade's Fluids & Mechanical Solutions business area. The
acquisition is expected to have a marginally positive impact on
Indutrade's earnings per share.

Stockholm, 8 November 2016

INDUTRADE AB (publ)

For further information, please contact: Johnny Alvarsson, President
and CEO: +46 70 589 17 95

About Indutrade

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 six business areas: Engineering &
Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial
Components, Measurement & Sensor Technology and Special Products.
Indutrade's sales totalled SEK 11,881 million in 2015, generating
operating income of SEK 1,427 million before depreciation of
intangible assets. Indutrade is listed on Nasdaq Stockholm.

www.indutrade.se

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http://news.cision.com/indutrade-ab/r/indutrade-acquires-scanmaskin-grou...
http://mb.cision.com/Main/2210/2118407/586819.pdf

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