Addtech acquires IPAS

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

IPAS is a well established supplier of products and solutions within professional lighting to in Norway

The Company is established in the segments industrial lighting, outdoor lighting and indoor lighting. The products are sold to installers, wholesalers, industry and municipalities.

IPAS will complement Addtech's current operations in the business unit Energy Products. 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 is expected to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, 20 December, 2017

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Hans Andersén, Business area manager, Addtech Energy, +46 70 677 17 09

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.

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