Addtech acquires Impact Air Systems Ltd and Impact Technical Services Ltd
Addtech Industrial Process, a business area in the Addtech Group, has on 21 January signed an agreement to acquire 100 % of the shares in Impact Air Systems Ltd and Impact Technical Services Ltd, (”Impact”). The agreement was signed after the market closed.
Impact provides waste and trim extraction and separation systems to various industries and recycling facilities around the world. They also provide service and maintenance and LEV system design, installation and testing. The company´s bespoke solutions contribute to a more sustainable management of waste and the circular economy. Impact has its registered office in Leicester, England, with agents on key markets.
Impact will complement Industrial Process’ current operations in the business unit Industrial Solutions. The company has 33 employees and sales of around 8 MGBP.
“With Impact we continue to focus on and develop our offering of sustainable solutions to our customers”, says Addtech’s CEO Niklas Stenberg.
“Addtech as a long-term owner offers both an excellent and exciting opportunity to further develop our business and solutions. We are looking forward to taking Impact to the next level”, says Impact’s MD, Nick Ball.
The closing took place 21 January and is estimated to have a marginal positive effect on Addtech’s earnings per share during the current financial year.
Stockholm, January 22, 2021
Addtech AB (publ)
For further information, contact
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Claus Nielsen, Business Area Manager, Addtech Industrial Process, +45 20 75 75 30
Addtech is a technology trading 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 3000 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm.
The information was submitted for publication on January 22, 2021 at 11.30 a.m (CET).