Addtech acquires Stig Wahlström AB
Stig Wahlström offers components and solutions in the areas of electro-mechanics and automation. Important customer segments are the vehicle and engineering industries, as well as heating and ventilation.
"By acquiring Stig Wahlström we strengthen our offer to the customer segment special vehicles," says Anders Dafnäs, President of Addtech Components. "At the same time the company complements our product portfolio in an excellent way."
"After a period of relatively few acquisitions, it is highly gratifying that we can now carry out the acquisition of Stig Wahlström. Acquisitions have always been an important element of our growth strategy and it will remain so in the future", stresses Roger Bergqvist, Addtech's President.
The acquisition is expected to provide a positive contribution to earnings per share right from the moment of acqusition.
Stockholm, November 28, 2003
Addtech AB (publ)
For further information, please contact: <!-- hugin-supplied --><br> Roger Bergqvist, President, Addtech AB, +46 8 470 49 04 <!-- hugin-supplied --><br> Johnny Öhman, Excecutive Vice President, Addtech AB, +46 8 470 49 03 <!-- hugin-supplied --><br> Anders Dafnäs, President, Addtech Components AB, +46 8 729 17 27