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2021-10-27

Indutrade AB: Indutrade completes acquisition of Italprotec

Indutrade has today completed the acquisition of the Italian company Italprotec Industries S.r.l., italprotec.com (https://www.italprotec.com/), following the announcement of the acquisition on 25 October 2021.

Italprotec is a manufacturer and technical trader of engineered industrial products for handling of critical fluids. The offering includes hoses, connectors, single-use assemblies, valves, fittings, and heat exchangers. The products ensure purity, corrosion resistance, and protection in sterile environments. Customers are mainly found on the Italian market within industries such as pharma, biopharma, chemical, and food. Located in Cavenago di Brianza in the Milan area in Italy, the company has about 35 employees, and annual sales of approximately EUR 10 million.

Closing takes place today and Italprotec will be included in Indutrade's Business Area DACH.

The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.

Stockholm, 27 October 2021

INDUTRADE AB (publ)

For further information, please contact:

Bo Annvik, President and CEO

Phone +46 8 703 03 00

Författare Cision