Indutrade has acquired all of the shares in Techno Skruv AB, Värnamo, Sweden, with annual sales of approximately SEK 70 million.

Techno Skruv is a niche company with a strong market position in the area of customer specific fasteners and mechanical components. Their customers are in the engineering, energy and vehicle industry.

Organisationally Techno Skruv will be part of the Industrial Components business area, which had net sales of SEK 1,401 million in 2008.

Indutrade markets and sells components, systems and services with a high-tech content within selected niches. The Group is organised into four business areas: Engineering & Equipment, Flow Technology, Industrial Components and Special Products. Indutrade’s sales totalled SEK 6,778 million in 2008, generating operating income of SEK 820 million before depreciation of intangible assets. Indutrade is listed on the Nasdaq OMX Exchange Stockholm.

IMAP advised the sellers during the entire process.