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

About Us

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 2 300 employees in approximately 120 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 8 billion. Addtech is listed on Nasdaq Stockholm.