Indutrade AB (publ) acquired Palas GmbH from Brockhaus Technologies AG on November 24, 2022. As of year 2021 ended, Palas GmbH report total revenue of ?25 million.

Indutrade AB (publ) completed the acquisition of Palas GmbH from Brockhaus Technologies AG on November 24, 2022. Brockhaus Technologies sold 70% stake in Palas GmbH for sales proceeds of ?59 million and possible subsequent purchase price tranches for the years 2023 and 2024 of up to ?16.8 million.