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