Addtech acquires Finn-Jiit OY

Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Finn-Jiit Oy.

Finn-Jiit delivers customised subsystems in the field of machine components and flow technology. The business is mainly focused on the Nordic OEM market.

Finn-Jiit will very effectively complement Addtech's current operations in the business unit Addtech Components Finland. The Company has 10 employees and sales of around 4 million EUR.

The closing is estimated to take effect in the beginning of January 2018 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, December 13, 2017

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Patrik Klerck, Business area manager, Addtech Components, +46 708 641 517

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.