From 1 January 2018, the Indutrade Group will be organised around eight business areas, instead of the current six.
The eight business areas will be Flow Technology; Fluids & Mechanical Solutions; Industrial Components; Measurement & Sensor Technology; Benelux; DACH; Finland (formerly Engineering & Equipment); and UK.
The company currently operates with six business areas: Engineering & Equipment; Flow Technology; Fluids & Mechanical Solutions; Industrial Components; Measurement & Sensor Technology and Special Products.
Indutrade says that the changes are designed to strengthen its platform for continued profitable growth, to maintain a high acquisition pace and to better utilize its international skills.
“Our history dates back to 1978 and since then, the group has kept some fundamental principles that still applies - decentralization, entrepreneurship and profitable growth,” said Bo Annvik, president and CEO of Indutrade. “For almost 40 years, these principles have characterized the development of our group, and they will continue to characterize the development also in the future.”
Indutrade currently has more than 200 companies in 30 countries.