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