Indutrade signed an agreement to acquire all of the shares in Jouka OY, (https://www.jouka.fi/en/) with annual sales of approximately EUR 6.5M. The agreement was signed after the market closed.
Jouka designs and manufactures ball valves and integrated ball valve solutions with a high degree of customisation. The company offers bespoke products with customer-specific R&D. Customer segments include machine building, marine, process and pulp & paper industries primarily in the Finnish market. With high manufacturing flexibility, Jouka offers competitive delivery times to customers having special needs, such as precise materials specifications, designs or “sizing to the place” requirements. Jouka was established in 1957 and is based in Ylöjärvi, Finland, with 31 employees. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
