Indutrade acquires the in-line sampling and quality assurance specialist ATLINE
Indutrade has signed an agreement to acquire all shares in the Danish company ATLINE ApS, www.atline.com, with annual sales of approximately DKK 40 million (SEK 60 million).
ATLINE is a leading engineering and manufacturing partner of robotic production equipment for the pet food and feed industries. The company specialises in automating and enhancing the quality assurance processes in manufacturing plants. Its flagship product is a fully integrated, laboratory technology solution that enables customers to automate and improve manual process steps in the production. ATLINE also offers inline sampling equipment, QA reporting software and aftermarket services. The company has nine employees and is located in Kolding, Denmark.
“ATLINE has a strong portfolio of patented products and holds significant technical expertise within its business segment. It has also demonstrated the ability to grow organically in a sustainable and profitable way and has significant potential to expand to adjacent customer segments, making it a valuable addition to the Indutrade-family”, said Bo Annvik, President and CEO of Indutrade.
The closing takes place today and ATLINE will be included in Indutrade's Business Area Life Science. The acquisition is Indutrade's fourth in 2024 and is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 2 February 2024
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00
About Indutrade
Indutrade is an international technology and industrial business group that today consists of approximately 200 companies in some 30 countries, mainly in Europe. In a decentralised way, we aim to provide sustainable profitable growth by developing and acquiring successful companies managed by passionate entrepreneurs. Our companies develop, manufacture, and sell components, systems and services with significant technical content in selected niches. Our value-based culture, where people make the difference, has been the foundation of our success since the start in 1978. Indutrade's net sales totalled SEK 32 billion in 2023, and the share is listed on Nasdaq Stockholm in Sweden.