Industry have on January 4, 2022 signed an agreement to acquire all the shares of the British company Autoroll UK Ltd, auto-roll.com, with annual sales of around £ 5.5million (67 million Swedish kronor).

Autoroll is a manufacturer and supplier of industrial steel doors and aluminum roller garage doors. The offering includes various types of custom commercial and industrial steel roller shutters, including insulated steel shutters, which can be manufactured to specific space requirements. Since its inception in 1998, Autoroll has delivered tailor-made products to its large UK customer base in segments such as retail, garage door specialists, fencing and electrical contractors. High quality products are delivered on their own transport fleet to ensure fast and safe delivery. The company has 31 employees and is based in Washington, Tyne and Wear, United Kingdom.

The closing took place on January 4, and Autoroll will be included in Indutrade Commercial zone UK. In addition to the Ellard Group, the companies’ combined product offerings will provide growth opportunities as they complement and reinforce each other. Ellard Group was part of Industry since 2017, offering various types of motors and controls used to automate industrial doors, shutters, garage doors, blinds and gates.

The acquisition is expected to have a slightly positive impact on Indutrade earnings per share.

Stockholm, January 10, 2022

AB INDUSTRY (published)

For more information, please contact:Bo Annvik, President and CEO
Phone +46 8 703 03 00

On Industry

Industry is an international group of technological and industrial companies which today has more than 200 companies in some thirty countries, mainly in Europe. In a decentralized manner, we aim to ensure profitable and sustainable growth by developing and acquiring successful companies managed by passionate entrepreneurs. Our companies develop, manufacture and sell components, systems and services with significant technical content in selected niches. Our values-based culture, where people make a difference, has been the foundation of our success since our inception in 1978. Indutrade net sales totaled SEK 19.2 billion in 2020, and the share is listed on Nasdaq Stockholm in Sweden.

https://news.cision.com/indutrade-ab/r/indutrade-makes-add-on-acquisition-within-the-industrial-doors-and-shutters-market-in-great-britain,c3481560

https://mb.cision.com/Main/2210/3481560/1517486.pdf

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