Swedish Indutrade acquires Senmatic A/S

PRESS RELEASE
18 March 2016

Following a purposeful and constructive dialogue, Indutrade and Micro Matic A/S have agreed to terms on an acquisition of Senmatic A/S. The Danish company, therefore, continues its positive development under new ownership.

Through a number of years, Senmatic A/S has been a successful part of the Micro Matic portfolio of companies, so to Micro Matic it has been vital that Indutrade sees an attractive potential for continuous development of Senmatic.

Indutrade is a Swedish group of companies, which engage in technical components and solutions with great technical content, and they invest in well-managed growth businesses. In the production of sensors and products for climate control, Senmatic combines electronics, mechanics and software development in technologically advanced products in the same way.

CEO of Senmatic, Mads Sckerl, looks forward to the collaboration with the new owners: "When a company like ours has a new ownership, it gives an exciting perspective when both seller and buyer are serious partners. We can now continue the path, which for several years has created great results in Senmatic, because we have been able to penetrate the market with great solutions. We all feel part of a project which can be developed further. That is a possibility as a part of Indutrade. For our customers, who have experienced value in the collaboration with Senmatic, it has to be a positive signal that the value will not be any less in the future."

Indutrade has great experience with buying companies with the right product profile. This is also the reason behind the interest in Senmatic. CEO of Indutrade, Johnny Alvarsson says:  "In the past years, we have added to portfolio activities with exciting new opportunities through purposeful buying where we have run the acquired companies in the same spirit and at the same time added some new dynamics. We have no doubt that Senmatic has been in very good hands until now and we promise that it will be equally taken care of at Indutrade".

At Micro Matic A/S CEO Søren Vilby says: "When Indutrade approached Micro Matic about Senmatic, the company wasn't actually for sale, but the approach was both exciting and serious. From the beginning we sensed that Indutrade had great respect for the know-how Senmatic's competent employees holds. It felt like a good match when we had first been through negotiations about all central parameters and finally made a decision about the approach from Indutrade".

"Our Swedish negotiating partner also has a positive reputation. In many other cases they have been good at buying and further developing well-managed companies including a number of Danish companies. A great part of their success is the continuity and respect for the results created in the acquired companies. That mattered much in our considerations about the future of Senmatic", Søren Vilby says.

Senmatic A/S will continuously be run and developed from the company's headquarters in Søndersø.

For further information, please contact between 14.30 - 15.30 today
CEO, Senmatic A/S, Mads Sckerl, tel. +45 20 80 11 25

CEO, Indutrade, Johnny Alvarsson, tel. +46 8 703 03 00
CEO, Micro Matic A/S, Søren Vilby, tel. + 45 20 80 11 18

Facts about Indutrade
Indutrade is an international industrial group of companies, which sells and develops components, systems and solutions with a wide technical content. Indutrade works with a decentralised structure that includes almost 200 subsidiary companies where 5,000 employees perform in 27 countries on four continents. Measurement & Sensor Technology is one of the company's six areas of business. Indutrade has been listed on Nasdaq Stockholm since 2005. Please go to www.indutrade.se for additional information.

Facts about Senmatic
For the past 40 years Senmatic has been a significant manufacturer of sensors measuring temperature, humidity and gas. Another product area that Senmatic has success in is different products for regulating the climate inside greenhouses within the garden centre industry. Senmatic A/S employs 90 workers. Please go to www.senmatic.com for additional information.

Facts about Micro Matic A/S
Micro Matic A/S is the parent company of a conglomerate with a consolidated revenue of DKK 2.5 billion and approximately 1,600 employees, 1,000 of which are employed outside Denmark. The group's products are manufactured in factories in Europe, Asia and North America. The group also includes a number of sales and distribution companies worldwide. Local presence and a longstanding collaboration with a network of business partners enable Micro Matic A/S to do business globally.

Please go to www.micro-matic.com for additional information.