Addtech acquires ASI Automatikk AS
Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in ASI Automatikk AS.
ASI Automatikk is a technology trading company, providing electromechanical components for machine manufacturers and for the shipping and off-shore sector. The company represents global leading suppliers within its product areas and commands a solid position in the Norwegian market in its customer and product segments.
ASI Automatikk will very effectively complement Addtech's operations in the business unit Addtech Components Norway. ASI Automatikk has seven employees and sales of around NOK 40 million.
The closing is estimated to take place in the beginning of July 2012 after approval is obtained from the appropriate authorities. The acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.
Stockholm, May 31, 2012
Addtech AB (publ)
For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Anders Claeson, Business area manager, Addtech Components, +46 708 641 516