Addtech acquires Itek AS

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

Itek is a leading supplier in Norway of energy efficient solutions and systems for clean air, process cooling and dust collection.

Itek will complement Addtech's current operations in the business unit Process Technology. The company has 13 employees and sales of around NOK 60 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, November 9, 2016

Addtech AB (publ)

For further information, contact
Johan Sjö, President of Addtech AB, +46 8 470 49 00
Johan Dyberg, Business Area Manager, Addtech Industrial Process, +46 8 470 49 00 

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 billion. Addtech is listed on Nasdaq Stockholm.

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