Addtech Automation, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Kaptas Oy ("Kaptas").
Kaptas develops and delivers automation systems primarily to customers in pharmaceutical industry, plastic, metal, electronics and food industry. The company has 27 employees and sales of around EUR 4 million.
Kaptas will very effectively complement Addtech's current operations in the business area Automation and the operation in our Finnish subsidiary Movetec 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 25, 2020
Addtech AB (publ)
For further information, contact
Niklas Stenberg, CEO, Addtech AB, +46 8 470 49 00
Patrik Klerck, Business area manager, Addtech Automation, +46 708 641 517
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 25, 2020, at 1.15 p.m (CET).
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