Addtech acquires INDAG Maschinenbau GmbH

Addtech Process Technology, a business area in the Addtech Group, has today signed an agreement to acquire 90 % of the shares outstanding in INDAG Maschinenbau GmbH (“INDAG”).

INDAG produces and sells dynamic inline mixers to the process industry with a main focus on the food and chemical segments. INDAG has a strong niche position in an internationally growing market and the company's solutions are exported globally. The company is headquartered in Borsfleth, Germany, has 40 employees and annual sales of approximately EUR 5 million.

INDAG will complement the operations within business unit Process Systems in a very good way.

The current owner and Managing Director of INDAG, Mr Wilko Willuhn, will remain as minority shareholders with 10 percent of the shares in the company.

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

Stockholm, April 4, 2023

Addtech AB (publ)

For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Claus Nielsen, Business Area Manager, Addtech Process Technology, +45 20 75 75 30

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 3,500 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 14 billion. Addtech is listed on Nasdaq Stockholm.

The information was submitted for publication, through the agency of the contact persons set out above, at April 4, 2023, at 3.30 p.m (CET).