Addtech acquires Systerra Computer GmbH

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Addtech Automation, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Systerra Computer GmbH (”Systerra”).

Systerra delivers high-end standard, customized and own products within embedded computer systems and network solutions. The business is mainly focused on OEM-customers within industrial automation, medical technology, transportation, aerospace and defense.

Systerra will very effectively complement Addtech´s current operations in the business area Automation and strengthens our position in the German market. The company has 16 employees and sales of around 9,5 MEUR.

The closing is expected to take place in the beginning of September 2021 and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm, July 29, 2021

Addtech AB (publ)

For further information, contact
Niklas Stenberg, CEO, Addtech AB, +46 8 470 49 00
Patrik Klerck, Business area manager, Addtech Automation, +46 708 641 517

Addtech is a technical solutions 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 more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 11 billion. Addtech is listed on Nasdaq Stockholm.

This information was submitted for publication on July 29, 2021, at 5.45 p.m (CET).