Swedish Indutrade acquires Vacuum Engineering Services Ltd, UK

Indutrade has signed an agreement to acquire all of the shares in Vacuum Engineering Services Ltd, Manchester, UK, with annual sales of approximately 9GBP million.
Vacuum Engineering is a leading manufacturer of leak detection equipment. 80% of the company’s sales is being exported. Customers consist mainly of automotive industry subcontractors along with important customers also in other sectors such as air conditioning, fire safety and gas measurement.
The company will be part of Indutrade’s Special Products 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. 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 SEK11,881 million in 2015, generating operating income of SEK1,427 million before depreciation of intangible assets. Indutrade is listed on Nasdaq Stockholm.