Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Fluidcontrol Oy ("Fluidcontrol").
Fluidcontrol develops, delivers and installs solutions of actuators and valves for applications primarily towards machine builders and the process industry. The company has 20 employees and sales amount to approximately EUR 4 million.
Fluidcontrol will very effectively complement Addtech's current operations within the business area Components and the operations in our Finnish subsidiary Stig Wahlström Oy.
The closing is expected to take place beginning of September and is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.
Stockholm, August 21, 2020
Addtech AB (publ)
For further information, contact
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Martin Fassl, Business Area Manager, Addtech Components, +46 70 669 69 34
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 3 000 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm.
This information was submitted for publication on August 21, 2020, at 4.15 p.m (CET).
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