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Addtech acquires Abatel

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Addtech Equipment, a business area in the Addtech Group, has concluded an agreement to acquire Abatel AB. Sellers are Ronald and Stefan Jansson via a jointly owned company.

Abatel develops and sells battery and power supply solutions, primarily to Swedish customers. The company complements the businesses in Addtech Equipment that are focused on batteries, power supply solutions and similar energy components. The intention is to retain Abatel as an independent unit in the Addtech Group.
 
Abatel's sales in 2004 amounted to MSEK 31 and the acquisition is expected to have a marginally positive effect on Addtech's earnings per share.
 
Possession is expected to be taken 1 January 2006.
 
 
Stockholm 29 November 2005
 
Addtech AB (publ)
 
 
The press release can be downloaded from the following link:

For further information, contact <!-- hugin-supplied --><br> Roger Bergqvist, President, Addtech AB, +46 8 470 4904 <!-- hugin-supplied --><br> Åke Darfeldt, President, Addtech Equipment AB, +46 708 870 515 <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> Addtech is a technology trading group that develops and sells components and products to industrial companies and the service industry. The Group has annual sales of about MSEK 3,000 and has about 1,200 employees. The majority of customers are manufacturers in the mechanical, vehicle, telecom and electronics industries, and laboratories within health care and research in the Nordic Region. Addtech provides its customers with technical as well as economic value added.

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