The international technology and industrial business group Indutrade, which consists of more than 200 companies worldwide, has announced new acquisitions.
Photo: Indutrade
Photo: Indutrade
Indutrade is an international industrial group that develops and acquires companies that are characterised by high-tech know-how and an ability to build enduring, close relationships with customers and suppliers. The company continues growing steadily through acquisitions of well-managed, profitable companies.
On October 1, Indutrade announced that it had signed agreements to acquire a full stake in three more companies.
In the Czech Republic, Indutrade purchased all shares of Silroc, a manufacturing company, designing and producing customised parts and components from liquid silicone rubber in injection moulding presses.
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Silroc's comprehensive offering includes for example products for hospital equipment such as tube sets, as well as customised components for powder coating processes.
Also in the Czech Republic, Indutrade acquired Cheirón, a technical trading company of medical technology products, specialising primarily in equipment used for healthcare applications in surgery rooms, intensive care wards, emergency wards, and cardio units. Cheirón also produces its own product line of suction devices which they sell through a broad network of international distributors.
The third acquisition was of Danish company Alflow, a niche technical trading company, offering a wide range of flow components to the pharmaceutical, food and industrial markets.
“We are very satisfied with the acquisition of Alflow, further expanding and enhancing our reach within the flow technology segment, including the rapidly growing single-use market to the pharmaceutical industry. The company is well-managed, has extensive expertise in its niche and has close and valuable customer relationships,” said Bo Annvik, President and CEO of Indutrade.
The three acquisitions followed the takeover of the UK-based Advance Technical Services Ltd. in August The company designs and manufactures electrofusion welding equipment for utility companies in the gas, fresh water, wastewater and telecoms industries.
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Indutrade's strategy is to maintain a high rate of acquisition, typically of several companies each year, whereby it remains a long-term owner, and the companies, once acquired, are not subject to further sale.
In 2021, Indutrade has acquired nine companies so far. "The market situation and inflow of interesting companies remains good. During the pandemic, we have intentionally chosen to lengthen our acquisition discussions somewhat in order to ensure that the right prerequisites exist for sustainable profitable growth with our potential acquisitions. Indutrade acquires companies with the intention of holding and developing them over the long term," said Annvik.
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