Indutrade has signed an agreement to acquire all shares in the Swedish company SDT Scandinavian Drive Technologies AB, www.sdt.se, with annual sales of approximately SEK 55 million.
SDT is a technical trading company that specialises in customised motion control products and automation control software. The company represents leading suppliers and has an extensive product portfolio, including servo motors, servo drives, gearboxes and control software. The customer base mainly consists of machine builders in a wide range of industries but also end users using the products in their own production lines. SDT was founded in 1981, has six employees and is located in Helsingborg, Sweden.
SDT complements the Indutrade-owned company Acumo AB, a leading supplier of automation solutions in the areas of positioning, measurement and detection.
The transaction is conditional upon consent from the Inspectorate for Strategic Products (ISP). Closing is expected to be finalised during Q1 2024 and SDT will be included in Indutrade's Business Area Industrial & Engineering. The acquisition is Indutrade's second in 2024 and is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 30 January 2024
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00
Indutrade is an international technology and industrial business group that today consists of approximately 200 companies in some 30 countries, mainly in Europe. In a decentralised way, we aim to provide sustainable profitable growth by developing and acquiring successful companies managed by passionate entrepreneurs. Our companies develop, manufacture, and sell components, systems and services with significant technical content in selected niches. Our value-based culture, where people make the difference, has been the foundation of our success since the start in 1978. Indutrade's net sales totalled SEK 27 billion in 2022, and the share is listed on Nasdaq Stockholm in Sweden.