Indutrade AB has signed an agreement to acquire all of the shares in PECO Select Fasteners B.V, which has annual sales of approximately 3 million euros.
Based in Bergschenhoek, the Netherlands, PECO Select Fasteners supplies special and customised fasteners to manufacturers of steel constructions in the wind power, crane, vessels and buildings sectors.
The acquisition completed on 8th January 2016, from which date PECO became part of Indutrade Benelux, which in turn is part of Indutrade’s special product business area.
Indutrade markets and sells components, systems and services with a high-tech content within selected niches.
Indutrade sees its business as distinguished by high-tech products for recurring needs; growth through a structured and tried and tested acquisition strategy; and a decentralised organisation, characterised by an entrepreneurial spirit.
Indutrade is organised into six business areas: Engineering & equipment, flow technology, fluids & mechanical solutions, industrial components, measurement & sensor technology, and special products. 2014 sales totalled SEK 9.7 billion (approximately 1.05 billion euros), generating operating income of SEK 1.1 billion before depreciation of intangible assets.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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