Indutrade acquires Dewaco Oy
Indutrade has on 29 October 2021 signed an agreement to acquire all of the shares in the Finnish company Dewaco Oy, with annual sales of approximately EUR 13 million (SEK 130 million). The agreement was signed after the market closed.
Dewaco develops and manufactures equipment and solutions for sludge thickening, sludge removal, and dewatering to wastewater treatment applications. Since 1986, Dewaco has successfully been manufacturing Chain Scraper Systems and Belt Filter Presses. Chain Scraper Systems are used in scum and sludge removal in for example industrial and municipal wastewater applications. Belt filter presses are used in dewatering applications to dewater organic and inorganic material from the water, for example, in processes like TreetoTextile where new sustainable materials are produced. The offering also includes different kinds of water treatment equipment.
With extensive expertise and great customer focus, Dewaco delivers and implements customised solutions across different industries and municipalities not only in Finland but also in Europe and Asia. Based in Laitila, Finland, the company has 23 employees.
The closing took place on 29 October and Dewaco will be included in Indutrade’s Business Area Finland. The acquisition is Indutrade’s 14th in 2021 and is expected to have a marginally positive impact on Indutrade’s earnings per share.
“This is fantastic news for Dewaco as a company as well as for all Dewaco employees and similarly to all of Dewaco´s customers. We will be able to build our company and operations on a long-term plan making Dewaco better and stronger than ever before,” says Riku Granberg the CEO of Dewaco Oy.
Stockholm, 1 November 2021
INDUTRADE AB (publ)
For further information, please contact:
Bo Annvik, President and CEO
Phone +46 8 703 03 00