Addtech acquires EB Elektro

Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares in EB Elektro RE AS.

EB Elektro is a well-established producer of electrotechnical products for electricity distribution, electrical transmission and railways on the Norwegian market, as well as representing world-leading agencies within its product area.

The company occupies a strong position on the Norwegian market, with close partnerships with Norwegian power grid operators and rail companies. EB Elektro complements Addtech’s operations in the Energy Supply business unit. EB Elektro has around 20 employees and sales of around NOK 80 million.

The closing will take place in the beginning of July 2015 and the acquisition is estimated to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, June 26, 2015

Addtech AB (publ)

For further information, contact:
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Åke Darfeldt, Business area manager, Addtech Energy, +46 708 870 515

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 2 600 employees in approximately 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 9 billion. Addtech is listed on Nasdaq Stockholm.