Bravida has signed an agreement to acquire the company Indupipe AB and thereby strengthen its position in industrial pipe assembly throughout Sweden. The company has around 85 employees and generates annual sales of approximately SEK 270 million.
Indupipe AB was founded in 2008 and now specialises in project management and the holistic provision of pipe assembly services for industry applications. Its head office is in Gävle but the company’s customer base is spread throughout Sweden, in the power, paper and process industries.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.