We have advised Belman A/S (Belman) and subsidiaries, a Danish provider of engineered expansion joints, on its sale to Indutrade AB (Indutrade), an international industrial and technology business group comprising more than 200 companies worldwide.
Belman is a specialist in customised expansion joints and related solutions primarily supplied to a wide range of end markets. Founded in 1994, Belman has developed deep engineering know-how and can meet stringent requirements for safety, durability, and performance in demanding operating environments. With a strong reputation for technical know-how and high-quality manufacturing, the company has secured a leading market position within its niche, delivering a differentiated customer value proposition to customers internationally.
Indutrade is an international industrial group that develops and acquires companies characterised by high-tech expertise and an ability to build long-standing, close relationships with customers and suppliers. The group acquires well-managed and profitable companies under a philosophy rooted in entrepreneurship and decentralised leadership.
Under its new ownership, Belman will continue as an independent subsidiary within Indutrade’s business area, Process, Energy & Water.
