Adam Equipment joins Indutrade

The Directors of Adam Equipment Co Ltd, a leading worldwide manufacturer of precision scales and balances for nearly 50 years, have recently sold 100% of the company shares to Indutrade AB, an international technology and industrial group based in Sweden. Indutrade is comprised of more than 200 companies globally and employs almost 7000 people. It is listed on Swedish Nasdaq Stockholm Stock Exchange. Alan Storey, chairman and founder of Adam Equipment, said the sale will allow the British-based company he created to continue to grow and compete globally. “Indutrade was the perfect choice as we share the same business values,” Mr. Storey said. “They will provide the support and foundation to help the company develop in the future and I feel confident I’m leaving Adam Equipment in good hands.” “We are very pleased to welcome Adam Equipment to the Indutrade family and they will now join Indutrade’s Business Area Measurement & Sensor Technology,” said Patrik Stolpe, Senior Vice President of the Indutrade Group. He added that Adam’s current management team and employees will continue in place with little change to daily operations, customers, or suppliers