Indutrade makes first 2026 acquisition with purchase of Danish expansion joint maker Belman

Indutrade AB ( (SE:INDT) ) just unveiled an announcement.

Indutrade has acquired all shares in Danish company Belman A/S, a specialist in customised metallic and non-metallic expansion joints and bellows used across marine, process and power generation industries, with annual sales of about DKK 180 million and operations in Denmark and India. The deal, Indutrade’s first acquisition of 2026, closed on 2 February, brings 142 employees into its Process, Energy & Water business area and is expected to have a marginally positive effect on earnings per share, reinforcing the group’s strategy of expanding its portfolio of technically advanced industrial solutions with companies that demonstrate sustainable, profitable growth.

The most recent analyst rating on (SE:INDT) stock is a Buy with a SEK230.00 price target. To see the full list of analyst forecasts on Indutrade AB stock, see the SE:INDT Stock Forecast page.

More about Indutrade AB

Indutrade is an international technology and industrial business group comprising over 220 companies in around 30 countries, mainly in Europe. Operating through a decentralised model, it focuses on developing and acquiring niche businesses that manufacture and sell technically advanced components, systems and services, aiming for sustainable, profitable growth. Founded in 1978 and listed on Nasdaq Stockholm, Indutrade reported net sales of SEK 32.2 billion in 2025.

Average Trading Volume: 333,802

Technical Sentiment Signal: Hold

Current Market Cap: SEK76.14B

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