Redeye initiates coverage of Indutrade, one of the largest Swedish niche acquirers, which has successfully implemented serial acquisition at scale in recent decades. We judge its increased decentralisation of M&A to business areas should allow for continued solid acquired growth in the coming decade. Given decent valuation multiples, we consider earnings growth the primary driver of share price appreciation.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/