Addtech acquires Sensor Control Nordic AB and Sensor ECS AB

Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Sensor Control Nordic AB och Sensor ECS AB.

The Sensor-companies delivers products and solutions in the fields of sensor, control and drives. The business is focused mainly on the Nordic OEM- and automation market.

The Sensor-companies will very effectively complement Addtech's current operations in the business area Addtech Components. The Company has 30 employees and sales of around SEK 160 million.

The closing is estimated to take effect in the beginning of January 2017 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, December 15, 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

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.