Addtech acquires Electra-Box Diagnostica

Addtech Life Science, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Electra-Box Diagnostica AB.

Electra-Box Diagnostica AB is parent company in the Electra-Box group with subsidiaries in Denmark, Finland, Norway and Sweden. The Electra-Box group of companies sells reagents and instrumentation to laboratories performing clinical diagnostics and medical research. The group has a strong position in the Nordic market and represents leading suppliers within the fields of autoimmunity, transplantation immunology, microbiology and others. The Electra-Box group has twenty-eight employees and a revenue of approximately SEK 110 million.

The Electra-Box group constitutes an excellent compliment to Addtech's operations within the business unit Diagnostics. This business unit focuses on sales of reagents and equipment for hospital laboratories in the entire Nordic Region.

The closing will take place today and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm 11 January, 2011

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Göran Brandt, Business area manager, Addtech Life Science, +46 8 59 41 1