Addtech acquires ETS Cable Components

Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all the shares in ETS Portsmouth Limited (“ETS Cable Components”).

ETS Cable Components supplies products, systems and services in the field of cable accessories for power cable installation, including cable cleats brackets, cable glands, cable lugs, flexible conduits, cable ties and cable tooling above all for the UK market.

ETS Cable Components will very effectively complement Addtech’s existing operations in the Energy Product business unit. The company has 35 employees and sales of about GBP 8.5 million.

The acquisition is expected to take effect in early April 2016 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, 5 April 2016

Addtech AB (publ)

For further information, please contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Åke Darfeldt, Business Area Manager, Addtech Energy, +46 708 87 05 15

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 2 000 employees in approximately 120 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 7 billion. Addtech is listed on Nasdaq Stockholm.