Indutrade AB (STO:INDT) has announced that it has acquired all shares of Techno Skruv AB. Based in Varnamo, Sweden, Techno Skruv produces annual sales of SEK 70 million. It is a niche company holding a strong position in the customer specific fasteners and mechanical components market. It serves the engineering, energy, and vehicle industry. Techno Skruv was formerly part of the Industrial Components business with net sales of SEK 1,401 million reported during 2008. Further information may be obtained by contacting Johnny Alvarsson, Indutrade AB President and CEO, at 46.70.589.17.95.
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Indutrade AB is a Sweden-based technology sales company active in the area of industrial components, systems and services. Its operations are divided into four business areas. The Engineering and Equipment area comprises products from such segments as industrial equipment, transmission, flow products, as well as hydraulics and pneumatics. The Industrial Components area offers components and systems for controlling, measuring, monitoring and regulating flows. The Industrial Components area supplies components and systems for production and maintenance. The Special Products area encompasses custom-fabricated niche products, design solutions, aftermarket service and assembly, as well as special processing. The Company operates through approximately 100 subsidiaries in 14 countries, including Sweden, Finland, Norway, Denmark, Germany, the Netherlands, Belgium, the Baltic countries, the United Kingdom and Russia.
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