Addtech acquires Ko Hartog Verkeerstechniek B.V

Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Ko Hartog Verkeerstechniek B.V.

Ko Hartog Verkeerstechniek develop, produce and sell traffic signal systems and other traffic safety equipment and offers assembling, installation, service and maintenance of the products. The Company´s main market is the Netherlands but with sales also in the UK. The Company has eighteen employees and annual sales of around 8 MEUR.

Ko Hartog Verkeerstechniek will very well complement and develop the operations in the business unit Energy Products focusing on products for public- and traffic safety and additionally add new valuable competence in the field of traffic safety, on a new market.

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

Stockholm, October 1, 2021

Addtech AB (publ)

For further information, contact
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Hans Andersén Business Area Manager, Addtech Energy, +46 70 677 17 09

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 3,000 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 11 billion. Addtech is listed on Nasdaq Stockholm.

This information was submitted for publication on October 1, 2021 at 12.00 (CET).