Addtech acquires Flow-Teknikk AS
Addtech Life Science, a business area in the Addtech Group, has today signed an agreement to acquire all shares in Flow-Teknikk AS.
Flow-Teknikk is a technology trading company that markets process instrumentation to the industry, research and offshore markets in Norway. The product range consists of instruments from leading suppliers for measurement of level, pressure and flow.
The company will complement Addtech’s current operations in the business unit Process Technology. Flow-Teknikk has six employees and sales of around NOK 30 million.
The closing will take place today and the acquisition is estimated to have a marginally positive effect on Addtech’s earnings per share during the current financial year.
Stockholm, August 1, 2014
Addtech AB (publ)
For further information, contact:
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Artur Aira, Business area manager, Addtech Life Science, +46 709 500 090