ADDvise Group signs an agreement with a distributor in the Middle East with an expected value of 4 MSEK

ADDvise subsidiary Sonesta and Surgical Tables, with most of its operations in North America, has signed an agreement with AlphaPro, a Lebanese distributor for sales in the Middle East and North Africa. These are new markets for both Sonesta and STI. The agreement opens for new international sales and are in line with the company's ambition to establish the two companies product lines in new markets.  

North America and especially the Middle East are markets which in recent years have shown a strong purchasing power for both mobile examination table and products for urology and gynecology. We are very pleased to have signed a contract with just AlphaPro, who is a distributor with good contacts in the current market and with extensive experience in this type of sales, says Erland Pontusson, Senior Vice President ADDvise Group.

The agreement is expected to reach 4 MSEK, during the years 2016 -2017.

 

For further information, please contact:

Rikard Akhtarzand, CEO, +46 765-25 90 71

rikard.akhtarzand@addvisegroup.se

www.addvisegroup.com

 

About ADDvise Group AB

ADDvise Group AB (publ) is an expansive group which through its subsidiaries IM-Medico Svenska AB, KEBO Inredningar Sverige AB, ADDvise Tillquist AB, Sonesta Medical AB, Sonesta Medical Inc and Surgical Tables Inc offers comprehensive solutions in the form of products and services to healthcare and research facilities. ADDvise Group's customers are located in both the private and public sectors. The Company's share is listed on First North Premier and Mangold Fondkommission AB, +46 8-503015 50, is the company's Certified Adviser and liquidity provider.

About Us

ADDvise Group AB (publ) is a leading supplier of equipment to healthcare and research facilities. The group consists of approximately 10 subsidiaries organized into two business areas, Lab and Healthcare. Sales are global. The Group has a clear acquisition strategy with the aim of raising shareholder value and expand the business – both geographically and product wise. The Group has sales of about 250 MSEK. ADDvise shares are listed on Nasdaq First North Premier. Additional information is available at www.addvisegroup.com.