Indutrade to acquire a 70% stake in Palas Holding from Brockhaus Technologies for €70m.

Indutrade, a technology and industrial group, agreed to acquire a 70% stake in Palas Holding, a manufacturer of high-precision instruments, from Brockhaus Technologies, a technology group, for €70m. “Palas has extensive technical expertise and offers high-quality products with leading technology that helps improve air quality levels across the globe. The company has a solid track record of sustainable, organic growth and high profitability. Underpinned by strong underlying market forces, they have a clear path for continued organic growth and we are happy to welcome them to the Indutrade family," Bo Annvik, Indutrade President and CEO.