Addtech acquires Crescocito AB

Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Crescocito AB (”Crescocito”).

Crescocito develops and manufactures components and complete turnkey solutions within industrial painting technology. Crescocito has 10 employees and a turnover of approximately SEK 60 million with headquarters in Lidköping.

Crescocito complements and strengthens Addtech's existing operations in the area of surface treatment and will be part of the Material Processing business unit.

The 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, February 29, 2024

Addtech AB (publ)

For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Daniel Prelevic, Business Area Manager, Industrial Solutions, +46 70 309 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 3,900 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.

The information was submitted for publication, through the agency of the contact persons set out above, on February 29, 2024, at 3.55 p.m (CET).