Addtech acquires company in blasting media
Addtech Equipment, a business area in the Addtech Group, has concluded an agreement to buy all shares outstanding in Blästerprodukter i Köping AB. Seller is Lars Jansson via a company.
Blästerprodukter had 2005 revenues of MSEK 22 and sells blasting media and spare parts and accessories for blasting equipment, primarily to Swedish manufacturing industry.
The acquisition is an excellent fit with existing businesses in Addtech Equipment that sell equipment and consumable supplies for mechanical surface treatment and surface cleaning.
The intention is to retain Blästerprodukter as an independent unit in the Addtech Group.
The acquisition is estimated to have a direct, if marginal, effect on Addtech's earnings per share during the current financial year. Closing is expected to take place 30 June 2006.
Stockholm, 22 June 2006
Addtech AB (publ)
Stockholm, 22 June 2006
Addtech AB (publ)
For further information, contact:
Roger Bergqvist, President, Addtech AB, +46 8 470 49 04
Åke Darfeldt, President, Addtech Equipment AB, +46 708 870 515
Roger Bergqvist, President, Addtech AB, +46 8 470 49 04
Åke Darfeldt, President, Addtech Equipment AB, +46 708 870 515
Addtech is a technology trading group that within selected niches develops and sells components and products to industrial companies and the service industry. The Group has annual sales of approximately SEK 3.4 billion and has approximately 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.