Addtech acquires Thurne Teknik AB

Addtech Industrial Process, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Thurne Teknik AB.

Thurne Teknik is a leading supplier of components, equipment and advanced process systems to primarily the chemical and the pharmaceutical industry in the Nordic and Baltic regions.

Thurne Teknik will complement Addtech's current operations in the business area Industrial Process. Thurne Teknik has 19 employees and sales of around SEK 100 million.

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

Stockholm, March 21, 2019

Addtech AB (publ)

For further information, contact
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Anders Claeson, Business Area Manager, Addtech Industrial Process, +46 708 64 15 16 

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 2,900 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 10 billion. Addtech is listed on Nasdaq Stockholm.