Indutrade acquires the Norwegian laboratory technology company Matriks
Indutrade has signed an agreement to acquire all shares in the Norwegian company Matriks AS, www.matriks.no, with annual sales of approximately NOK 215 million (SEK 205 million).
Matriks is a technical trading company specialised on analysis instruments, systems and consumables for chemical and biochemical laboratories. The company offers a wide range of products within liquid- and gas-chromatography, mass spectrometry, atomic and molecular Spectroscopy and systems for protein, cell and DNA/RNA analysis, as well as various types of consumables and aftermarket services. The customer base mainly consists of hospitals, universities, research institutions, chemical laboratories and energy companies. Matriks was founded in 2002, has 31 employees and is located in Oslo, Norway.
“We are glad to strengthen our position within life science in Norway with the acquisition of Matriks. The company has strong technical expertise and a high-quality offering based on products from top suppliers, which gives good conditions for continued sustainable, profitable growth”, said Bo Annvik, President and CEO of Indutrade.
The acquisition is conditional upon approval by the Norwegian Competition Authority, and closing is expected to be finalised during Q2 2024. Matriks will be included in Indutrade's Business Area Life Science. The acquisition is Indutrade's fifth in 2024 and is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 5 March 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.