Indutrade has on 29 January signed an agreement to acquire all of the shares in the Dutch company Fire Proof BV, www.fireproof.nl with annual sales of approximately EUR 7 million. The agreement was signed after the market closed.
Fire Proof BV is a distributor specialised in the field of passive fire protection for buildings. With deep application knowledge, the offering includes a complete product range in the field of firestopping products, to customers in the Benelux region. The broad product groups include for example sheeting material, coating, fillers, cable boxes, and sealing materials. The offering is complemented with customised "cut to size"-services to facilitate the use of the products, and to avoid dust pollution at the construction sites. Customers includes primarily passive fire protection installer specialists and isolator companies. Fire Proof BV has 10 employees and is based in Oss, the Netherlands.
The closing took place on 29 January, and Fire Proof BV will be included in Indutrade's Business Area Benelux.
The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 1 February 2021
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00