Indutrade acquires the industrial spray specialist Hansa Engineering
Indutrade has signed an agreement to acquire all shares in the Swedish company Hansa Engineering AB, www.hansa-engineering.se, with annual sales of approximately SEK 60 million.
Hansa Engineering is a technical trading company specialised in industrial spray processes, such as humidification, cooling, surface treatment and cleaning. In addition, the company works with specific applications in environmental and process technology, including flue gas cleaning, flue gas condensation and tank storage equipment. The company offers a wide variety of products and systems, including spray nozzles, column internals, dust control products and safety showers, mainly to the Swedish and Finnish process industries and energy sectors. Hansa Engineering was founded in 1996, has 9 employees and is located in Solna, Sweden and Åbo, Finland.
“Hansa Engineering has a high technical expertise and good application knowledge, providing added value for its customers. We are glad to welcome them to the Indutrade Group, further strengthening our flow technology position in Sweden and Finland”, said Bo Annvik, President and CEO of Indutrade.
The closing takes place today and Hansa Engineering will be included in Indutrade's Business Area Process, Energy & Water. The acquisition is Indutrade's 16th in 2024 and is expected to have a marginally positive impact on Indutrade's earnings per share.