SABP sells equipment and components for line construction and cabling for the electrical power industry. Aside from representing well-known European manufacturers, the company has developed its own line of products, which is made by sub-suppliers. Customers consist of electric power distributors, grid network owners, electrical product wholesalers and the Swedish Rail Administration. Sales are concentrated to Sweden, but there are also certain sales in Norway and Finland. SABP Elteknik has revenue of SEK 36 million and has seven employees. Bengt Pettersson, who is one of the owners, will remain a member of the company's management.

 

The company constitutes an excellent compliment to some of Addtech's other businesses operated within business unit Energy Supply. This business unit focuses on sales of niched and critical components in electricity distribution, an area where the Group has good development potential. The intention is to operate SABP Elteknik as an independent unit of the Addtech Group.

 

The closing is expected to take place in the beginning of July and the acquisition is expected to have a marginally positive effect on Addtech's earnings per share during the current financial year.

 

Stockholm, 18 June 2008

Addtech AB (publ)