Addtech acquires Thiim A/S

Addtech Automation, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Thiim A/S.

Thiim develops and delivers components and solutions within the area of industrial communication, customized electronics and electro mechanics. The business is mainly focused on OEM-industry, automation and infrastructure.

Thiim will very effectively complement Addtech´s current operations in the business area Addtech Automation. The Company has 15 employees and sales of around DKK 50 million.

The closing will take place today and is estimated to have a marginally positive effect on Addtech’s earnings per share during the current financial year.

Stockholm, June 12, 2019

Addtech AB (publ)

For further information, contact
Niklas Stenberg, President, Addtech AB, +46 8 470 49 00
Patrik Klerck, Business area manager, Addtech Automation, +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 2 700 employees in approximately 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 10 billion. Addtech is listed on Nasdaq Stockholm.