Addtech acquires S. Tygesen Energi A/S
Addtech Energy, a business area in the Addtech Group, has signed an agreement to acquire 100 % of the shares outstanding in S. Tygesen Energi A/S (”Tygesen”). Tygesen sells equipment and electricity transmission materials for electrical distribution networks, transmission networks, railways and stations in Denmark. The company also operates in Greenland, Iceland and the Faroe Islands. Tygesen has 3 employees and annual sales of approximately DKK 50 million. Tygesen complements well the operations conducted with products for high-voltage grids within Addtech Energy and strengthens our