Addtech acquires Emcomp
On May 21, 2008, the Addtech Group's Industrial Solutions business area signed an agreement to acquire all shares in Emcomp Holding AB.
Emcomp sells, via subsidiaries, customised components and sub-systems in fields such as power supply, radio, fibre optics and displays. The companies command a solid position in their customer and product segments and represent leading manufacturers. The companies contribute added value to their customers through product and application know-how as well as through their familiarity with the manufacturing conditions and products of customers, who are often global. Emcomp has 10 employees and revenues of MSEK 72. The sellers active in the companies will remain in management.
Emcomp is an excellent complement to the activities of the Addtech Group's Customised Solutions business unit, focusing on customers and applications with exacting and specialised requirements in signal and power transmission.
Control of the shares will be transferred today, and the acquisition is expected to have a marginal, positive effect on Addtech's earnings per share for the current financial year.
Stockholm, 21 May 2008
Addtech AB (publ)
For additional information, please contact:
Johan Sjö, President and CEO, Addtech AB, +46 8 470 4900
Håkan Franzén, Industrial Solutions business area, +46 8 470 4912Johan Sjö, President and CEO, Addtech AB, +46 8 470 4900