Addtech acquires OF-Beteiligungs AG

Addtech Power Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 100% of the shares outstanding in OF-Beteiligungs AG with subsidiaries (“OF Group”).

OF Group is based in Switzerland and providing solutions for special vehicles such as driver seats and powertrain in central Europe and Italy. OF Group has a turnover of approximately EUR 16 million with 35 employees.

OF Group will very effectively complement and strengthen Addtech's current operations in the business unit Customised Solutions with its focus on providing solutions that matters for machine efficency.

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

Stockholm, December 1, 2020

Addtech AB (publ)

For further information, contact
Niklas Stenberg, CEO, Addtech AB, +46 8 470 49 00
Per Lundblad, Business Area Manager, Addtech Power Solutions, +46 70 795 66 02

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 3 000 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.

This information was submitted for publication on December 1, 2020 at 12.30 p.m (CET).