Addtech acquires Synthecs B.V.

Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Synthecs B.V. including subsidiaries.

The operations in the Synthecs group is mainly conducted by the subsidiaries Isotron Systems in the Netherlands and Belgium. The group provides automation components and systems in the field of sensors, machine vision, industrial PC' s, Plc's etc. to the industrial sector in the Benelux.

The Synthecs group will very effectively complement Addtech's current operations in Addtech Components. The Company has 50 employees and sales of EUR 14 million.

The closing is estimated to take effect in the beginning of April 2018 and to have a marginally positive effect on Addtech’s earnings per share during next financial year.

Stockholm, March 26, 2018

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Patrik Klerck, Business area manager, Addtech Components, +46 708 641 517

About Us

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 2 600 employees in approximately 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 9 billion. Addtech is listed on Nasdaq Stockholm.