Karlsruhe-based Palas develops, manufactures and sells high precision equipment for generation, measurement and analysis of particles in the air. The company’s product range is based on polychromatic light source technology and is used particularly in the public sector by governments, municipalities/cities and other governmental organisations as well as in industry by companies in the pharmaceutical, medical, automotive and general industry sectors.
Founded in 1983, Palas has annual sales of approximately €25 million (SEK270 million) and 102 employees. The company sells either through its global sales distributor network, to OEMs or directly to the end customer. Palas will now be part of Indutrade's Measurement & Sensor Technology business area.
“Palas has extensive technical expertise and offers high-quality products with leading technology that helps improve air quality levels across the globe,” said Bo Annvik, president and CEO of Indutrade. “The company has a solid track record of sustainable, organic growth and high profitability. Underpinned by strong underlying market forces, they have a clear path for continued organic growth and we are happy to welcome them to the Indutrade family.”
Palas is Indutrade’s 15th acquisition this year.
