Indutrade acquires industrial valves supplier Corona Control

STOCKHOLM, Jan. 27, 2010 (Press Release) -

Indutrade today acquired all of the shares in the technology sales company Corona Control AB, with annual sales of approximately SEK 50 million and operations in Sweden and Norway.

Corona Control is a total supplier of solutions for industrial valves. The product range consists of control valves, safety valves and all types of on/off valves and valve actuators employing the latest technologies. Customers are in the petrochemical, offshore, chemical, energy, pulp and paper, steel, food and pharmaceutical industries, among others.

Organisationally the company will be included in the Flow Technology business area, which had net sales of SEK 1,709 million in 2008.

The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.