Addtech acquires Norwegian company in marine hydraulics

Kurt Wiig AS had 2005 revenues of MNOK 24 and delivers customer-specific hydraulic solutions, primarily to the Norwegian offshore and sub sea industries.
 
Already today, Addtech has sales to demanding customer segments in the Norwegian offshore industry through its subsidiary Aratron AS. With this acquisition the Group gains not only increased exposure to this in Norway important industry but also increased expertise and a broader product portfolio for those cases where hydraulic solutions are best for the customer. The acquisition complements Aratron's existing sales in hydraulics.
 
The acquisition is expected to have a direct and marginally positive impact on Addtech's earnings per share. Possession is expected to be taken 1 April 2006.
 
 
Stockholm, 8 March 2006
 
 
Addtech AB (publ) 
 
The press release can be downloaded from the following link:

För ytterligare information kontakta <!-- hugin-supplied --><br> Anders Claeson, vice VD Addtech AB, +46 8 470 49 02 <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> Addtech is a technology trading group that develops and sells components and products to industrial companies and the service industry. The Group has annual sales of about SEK 3,2 billion and has about 1,200 employees. The majority of customers are manufacturers in the mechanical, vehicle, telecom and electronics industries, and laboratories within health care and research in the Nordic Region. Addtech provides its customers with technical as well as economic value added.

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.

Subscribe

Documents & Links