Nordic Business Report-April 25, 2006-Indutrade AB acquires Gedevelop AB
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The Swedish industrial components and systems supplier Indutrade AB said on Tuesday (25 April) that it has agreed to acquire Swedish precision instruments maker Gedevelop AB for an undisclosed sum.
Gedevelop develops and markets precision instruments and systems for measurement of flows and temperatures mainly within the glass industry. The company has annual sales of approximately SEK35m.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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