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Indutrade acquires specialist supplier of automation technology for industrial, commercial and residential doors and shutters in the UK.

 

Indutrade today signed an agreement to acquire all of the shares in NRG Automation Limited (http://www.nrgautomation.co.uk), with annual sales of approximately GBP 5.0 million.

NRG Automation is a specialist supplier of drives, motors and controls for industrial, commercial and residential doors and shutters. NRG also offer a range of gate and barrier automation. Customers are manufacturers and installation contractors of doors, shutters and gates in the UK and Ireland.

Possession takes place today and NRG Automation will be part of Indutrade's UK Company Ellard Ltd within the UK Business area.

In a joint statement , David Lewis, Managing Director of Ellard and Paul Connor, Managing Director of NRG Automation said

"We are pleased to announce this add-on acquisition which strengthens both our positions, product offering and expertise within the UK market "

Both companies will operate independently for the foreseeable future; our priority will be to ensure that our valued existing customers experience no change in our levels of customer service, availability of products and technical support.

A newly formed management group formed from both companies will ensure that we approach the market in a structured, coherent manner, and fully capitalise on the many opportunities this venture creates.

The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.

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