Addtech acquires Powernor AS
Addtech Power Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 100% of the shares outstanding in Powernor AS. Powernor is based in Norway, where they specify, design and deliver complete UPS systems with battery backup in demanding applications for hospitals, infrastructure and industry. Powernor has a turnover of approximately NOK 35 million and have 6 employees. Powernor will very effectively complement and strengthen Addtech's current operations in the Power Solutions business area. The closing will take place today and is estimated to