Indutrade AB (publ) (OM:INDT) has signed an agreement to acquire SDT Scandinavian Drive Technologies AB on January 30, 2024. Post completion of the acquisition, SDT will be included in Indutrade's Business Area Industrial & Engineering. For the year ending 2023, SDT had annual sales of approximately SEK 55 million.

The transaction is conditional upon consent from the Inspectorate for Strategic Products (ISP) and is expected to be finalized during Q1 2024. The acquisition is Indutrade's second in 2024 and is expected to have a marginally positive impact on Indutrade's earnings per share.