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Addtech

Addtech

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Addtech: Update regarding the IT attack

12:35 / 2 December 2019 Addtech Press release

As previously communicated, on October 30, Addtech was exposed to an extensive cyber crime, a so-called ransomware attack. The crime has been reported to the Swedish police.

The recovery work is progressing according to plan. A new IT environment with further layers of security has been constructed. Systems and servers have been searched for malware, before implementation in the new environment. 

As already stated, about 80 of Addtech's 130 companies were affected by the attack, corresponding to approximately half of the group's turnover. All companies have, although to different extents, been operative during the attack by using alternative measures.

Most of the IT systems are now operative. At the same time, the work is complex and everything has not yet been restored. The investigation regarding potential data loss is still ongoing. It is not yet clear what economic impact the attack will have.

Addtech is also in dialogue with other relevant parties, such as the Swedish Civil Contingencies Agency (MSB).

Continuous updates regarding the attack are available on the Addtech website.

   
For more information, please contact Kerstin Danasten, Head of Communication:
+46 708 707168
Kerstin.danasten@addtech.com

   
Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 2 900 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 10 billion. Addtech is listed on Nasdaq Stockholm.

This information was submitted for publication on December 2, 2019 at 12.35 p.m (CET).

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