Addtech acquires Finnish company within fibre optics

Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in ACC Systems Oy.

ACC Systems Oy is a technology trading company which sells fibre optic network components- and systems to telecom operators and network contractors on the Finnish market. The company is a leading supplier of components and systems solutions within the fibre optics area, and constitutes an excellent complement to the business unit MI Group, which already holds a strong position within this technological area on the Nordic market. ACC Systems Oy has revenue of approximately EUR 3 million.

The closing will take place 1 July 2010 and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm, 1 July 2010

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Håkan Franzén, Business area manager, Addtech Industrial Solutions, +46 8 470 49 12