The change is part of a structured succession where Jonas Halvord, the current Head of Acquisitions and Business Development, will move into a role as Senior Advisor and continue to work with acquisitions on a part-time basis.

“Gustav Ruda is an experienced acquisition specialist and I look forward to welcoming him to the Group Management team and continuing our value-creating acquisition journey together. Even though Jonas Halvord will continue his involvement in Indutrade, I would like to take this opportunity to thank him for his solid contribution over the years. Under his leadership, Indutrade has completed many successful acquisitions and built a scalable acquisition organisation for future profitable growth”, said Bo Annvik, President and CEO of Indutrade.

Gustav Ruda has worked with acquisitions and business development within Indutrade for the past ten years. He has also been a Business Controller for a business area within Indutrade and has previous experience from an investment company and as a management consultant. He has an M.Sc. in Industrial Engineering and Management from KTH Royal Institute of Technology and has conducted studies at Stockholm School of Economics.

“Indutrade has a solid position in the acquisition market with a strong brand and a philosophy that attracts driven entrepreneurs. I am very honoured by this opportunity and look forward to welcoming more companies to Indutrade”, said Gustav Ruda.