Addtech acquires IETV Elektroteknik AB
Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in IETV Elektroteknik AB. IETV Elektroteknik AB is a knowledge company that offers qualified services in power supply to railways, hydropower and industry. With cutting-edge technology, the company creates sustainable value for customers and end users. The company is primarily active in Sweden and Norway. IETV Elektroteknik AB has thirty-eight employees and has annual sales of approximately SEK 80 million. IETV Elektroteknik AB develops the operations conducted in