Addtech acquires Goodtech Products AS

Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Goodtech Products AS.

Goodtech Products delivers products, solutions and services in the field of automation to Norwegian industry and the public sector. The company represents leading suppliers in the field of automation and industrial communication.

Goodtech Products will very effectively complement Addtech's current operations in the business unit Addtech Components Norway. The Company has 23 employees and sales of around NOK 85 million.

The closing is estimated to take effect in the beginning of February 2016 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, January 27, 2016

Addtech (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Anders Claeson, Business area manager, Addtech Components, +46 708 641 516

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 2 200 employees in approximately 120 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 7.5 billion. Addtech is listed on Nasdaq Stockholm.