Swedish industrial technology group Indutrade AB said Thursday it has raised 1.3 billion Swedish kronor through a new bond issue to help fund its acquisition-led growth strategy.
The senior unsecured bond, the company's largest in recent years, has a five-year maturity and a floating interest rate set at a margin of 1.13% over the three-month Stockholm Interbank Offered Rate.
Indutrade said the proceeds will be used to refinance existing loans and for general corporate purposes, including acquisitions.
The fundraising follows a period of active deal-making for the company, which has acquired 11 businesses so far in 2025.
In its most recent quarterly report, Indutrade noted a "high acquisition pace" and a stronger order book gave it confidence for the coming quarter, despite a drop in profit and sales.
The company recently reconfirmed its financial targets, with Chief Executive Bo Annvik stating an aim to "double the size of Indutrade."
The bond transaction generated strong investor demand, according to the company, which will apply to list the debt on Nasdaq Stockholm.
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