According to the press release, “Indutrade has on 2 May 2019 signed an agreement to acquire all of the shares in Adam Equipment Co Ltd (www.adamequipment.co.uk), with annual sales of approximately GBP 12 million.”
The Swedish investor Indutrade is “an international industrial group that sells high-tech products and solutions helping customers to improve their own products and streamline customers’ production processes” and is listed on Nasdaq Stockholm. Indutrade follows a “growth through acquisition” strategy and sees itself as a long-term owner.
Adam Equipment is a manufacturer of balances and scales.