Indutrade has signed an agreement to acquire all of the shares in Finkova Oy, (www.finkova.fi) with annual sales of approximately EUR 8.5M.
Finkova is a niche technical trading business offering valve solutions to the process industry and boiler manufacturers. The product range consists of a wide variety of valves such as control valves, safety valves and on/off high-pressure valves. Customers, acting both globally and on the Finish market, are in the pulp and paper, petrochemical, energy and steel industries, among others. The offering is complemented by services and extensive technical expertise.
The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.