Addtech acquires Penlink AB
Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Penlink AB.
Penlink delivers products and solutions in the fields of rotating transmission and electro optics. The business is mainly focused on the Nordic OEM- and automation market.
Penlink will very effectively complement Addtech's current operations in the business unit Addtech Components Sweden. The Company has 5 employees and sales of around SEK 25 million.
The closing is estimated to take effect in the beginning of October 2016 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.
Stockholm, September 21, 2016
Addtech AB (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