Addtech acquires Staubo Elektro Maskin AS
Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Staubo Elektro Maskin AS.
Staubo Elektro Maskin is a technology trading company, providing complete solutions within battery- and power supply, electric motors and signalling systems. The company represents global leading suppliers within its product areas and commands a solid position in the Norwegian market in its customer and product segments.
Staubo will become part of the business unit Energy Storage that develops and sells battery solutions and power supply. The company gives the business unit a strong position on the Norwegian market. Staubo has fifteen employees and revenue of approximately NOK 65 million.
The closing is estimated to take place in the beginning of July 2012 after approval is obtained from the appropriate authorities. The acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.
Stockholm, May 23, 2012
Addtech AB (publ)
For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Åke Darfeldt, Business area manager, Addtech Energy & Equipment, +46 708 870 515