Swedish Indutrade has inked 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 (www.peconl.nl) supplies special and customized fasteners to manufacturers of steel constructions within wind power, cranes, vessels and buildings.
Possession takes place today, and 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 business is distinguished by high-tech products for recurring needs, growth through a structured and tried-and tested acquisition strategy and a decentralised organisation characterised by an entrepreneurial spirit. Indutrade’s sales totalled SEK 9,746 million in 2014, generating operating income of SEK 1,134 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq Stockholm.
