Inovatools Group

Nasdaq Stockholm-listed Indutrade has taken over Germany-based tool manufacturer Inovatools. Inovatools generates about €43 million in turnover and has over 250 employees.

Indutrade has completed the acquisition of all shares in German metal cutting tools manufacturer Inovatools Group, with annual sales of approximately EUR 33 million and about 200 employees.

Indutrade AB signed an agreement to acquire all shares of German metal cutting tools manufacturer Inovatools Group, which has annual sales of approximately EUR 33 million and 200 employees. The acquisition is contingent on regulatory approval.