Addtech acquires Arruti Group
Addtech Energy a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Arruti Group (“Arruti”) Arruti Group consists of four companies that develop, manufacture and sell components as well as equipment components for electrical transmission lines and substations. The company is well established as a supplier to grid operators in Europe, parts of South America and Canada. Arruti Group is headquartered in Bilbao, Spain, has 90 employees and annual sales of approximately EUR 27 million. Arruti Group complements very well the