Addtech acquires Coel Motori S.r.l.

Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Coel Motori S.r.l. (“Coel”).

Coel is a manufacturer and supplier of electric break motors and patented brake modules for industrial applications in the European market. Coel has 24 employees and a turnover of approximately EUR 8 million with headquarters in Milano, Italy.

Coel will become part of and complement our existing operations within electric drive systems in the Material Processing business unit.

Closing will take place today. The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year.

Stockholm, January 15, 2025

Addtech AB (publ)
 

For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Daniel Prelevic, Business Area Manager, Addtech Industrial Solutions, +46 703 09 93 29

Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 4,000 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 20 billion. Addtech is listed on Nasdaq Stockholm.

The information was submitted for publication, through the agency of the contact persons set out above, on January 15, 2025, at 13:30 p.m (CET).