Addtech acquires OF-Beteiligungs AG
Addtech Power Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 100% of the shares outstanding in OF-Beteiligungs AG with subsidiaries (“OF Group”). OF Group is based in Switzerland and providing solutions for special vehicles such as driver seats and powertrain in central Europe and Italy. OF Group has a turnover of approximately EUR 16 million with 35 employees. OF Group will very effectively complement and strengthen Addtech's current operations in the business unit Customised Solutions with its focus on providing solutions that matters for