Addtech acquires Norwegian company

Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Fox Electronics AS.

Fox Electronics is a technology trading company which sells components and customised solutions within electronics and fibre optics. The company is a well known supplier to Norwegian manufacturers of technically advanced equipment. Fox Electronics has seven employees and a revenue of approximately NOK 45 million.

Fox Electronics constitutes an excellent compliment to Addtech Components' operations and will strengthen the business area´s current position in electronics and fibre optics in the Nordic market.

The closing will take place 1 November 2010 after approval is obtained from the appropriate authorities. The acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm, 6 October 2010

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Anders Claeson, Business area manager, Addtech Components, +46 70 864 15 16