Addtech acquires the BEVI Group

Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in BEVI International AB.

BEVI is one of the leading suppliers of electric motors in Sweden and also holds strong positions and operations in other parts of the Nordic region, the Baltic countries and China. The BEVI Group is a well known supplier of electric motors, but also sells mechanical gearboxes, frequency inverters, in-house manufactured special motors as well as providing service and maintenance. The BEVI Group has more than 90 employees and revenue of approximately SEK 200 million.

The BEVI companies form a separate business unit within the business area Addtech Industrial Solutions. Together with the previous owners in BEVI, Addtech sees good opportunities to strengthen and develop the business concept within electrical drives, in terms of products as well as geography, for industrial customers.

The closing will take place 1 July 2010 and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.

Stockholm, 28 June, 2010

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Håkan Franzén, Business area manager, Addtech Industrial Solutions, +46 8 470 49 12