Addtech acquires Hydro-Material Oy
Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire 100% of the shares outstanding in Hydro-Material Oy. Finland-based Hydro-Material delivers hydraulic solutions and cooling systems to primarily the market segments special vehicles and the manufacturing industry. Hydro-Material Oy has sales of approximately EUR 5 million and 5 employees. Hydro-Material will very well complement the operations within the Addtech Components Finland business unit. The closing will take place during April and is estimated to have a marginally positive