Addtech acquires Nordstjernan’s shares in Rutab
- Nordstjernan and the Tapper Group, which is owned by the company’s founding family, have sold 80 percent of the shares in Rutab to the industrial retail group Addtech
- The transaction entails that Nordstjernan is selling its entire 35 percent holding in Rutab
Rutab is a supplier of electro-technical material and components for automation technology, with a focus on cable glands, lead-throughs and conduits, as well as machine cable. The company’s head office is located in Nässjö and it has sales of approximately SEK 150 million, with favorable profitability.
Nordstjernan invested in Rutab in 2007. Since then, the company’s sales have tripled through organic growth and acquisitions, while the company’s profit margin has improved considerably.
“Rutab is a quality company that has experienced strong growth. Our investment in Rutab was small, but it has generated high returns,” says Nordstjernan’s CEO Tomas Billing.
The parties have agreed not to disclose the conditions of the transaction.
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Nordstjernan is a family-controlled investment company that creates growth in value through long-term and active ownership of Nordic companies. Investments are to be long-term. More information on Nordstjernan is available at www.nordstjernan.se.