Addtech acquires Tampereen Sähköpalvelu Oy (TSP Oy)

Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares in TSP Oy.

TSP is a technology trading company that markets and sells components for electrical installations to OEM customers mainly on the Finnish market. The product range include cabling, connectors and cable glands.

The company represents global leading suppliers and commands a solid position in the Finnish market in its customer and product segments. TSP will complement Addtech’s current operations in the business unit Energy Products. The company has 25 employees and sales of around EUR 7,5 million.

The closing is estimated to take place in the beginning of July 2014. The acquisition is estimated to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, July 4, 2014

Addtech AB (publ)

For further information, contact:
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Åke Darfeldt, Business area manager, Addtech Energy, +46 708 870 515

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.