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Home » Indutrade Agrees to Buy the Lekang Group

Indutrade Agrees to Buy the Lekang Group

By    MDM  Staff 
February 25, 2010
More about:  Europe,  Industrial
The Lekang Group will be the fifth acquisition by Indutrade this year.
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Swedish industrial group Indutrade has agreed to acquire Norwegian Lekang Group, consisting of the companies Lekang Maskin AS in Norway, Filterteknik Sverige AB in Sweden, and Filterteknik A/S in Denmark.

The Lekang Group specialises in products and services, mainly in filtration of fluids, for all types of industrial companies in Scandinavia, and consumables such as filters and products for licence control of industrial equipment. Sales in 2008 were SEK 200 million (US$27.7 million). The Group has approximately 60 employees.

The Lekang Group companies will be included in the Special Products business area, which had net sales of SEK 1,877 million (US$259.9 million) in 2009.

The acquisition is Indutrade's fifth to date this year.

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