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Addtech

Addtech

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Addtech acquires Elsystem i Perstorp AB

14:50 / 1 September 2020 Addtech Press release

Addtech Automation, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Elsystem i Perstorp AB ("Elsystem").

Elsystem delivers automation solutions primarily for industrial production, automated warehouses, process industry and heating plants. The offering includes electrical design, programming, installation and service. The company has 18 employees and sales of around 40 MSEK.

Elsystem will very effectively complement Addtech's current operations in the business area Automation and additionally add new valuable integration competence.

The closing will take place today and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm, September 1, 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 September 1, 2020 at 2.50 p.m (CET).

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