Addtech acquires Vallin Baltic AS and Vallin Baltic SIA
Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Vallin Baltic AS and Vallin Baltic SIA.
Vallin Baltic AS and Vallin Baltic SIA are technology trading companies, providing products for electrical installations with measure systems belonging to it as well as telecom equipment in the Baltic countries. Vallin Baltic AS is active in Estonia and Vallin Baltic SIA has operations in Latvia and Lithuania. The Vallin Baltic companies represents global leading suppliers within its product areas and commands a solid position in the Baltic market in its customer and product segments
Vallin Baltic AS and Vallin Baltic SIA will complement Addtech's operations carried on within the business unit Energy Products. The Vallin Baltic companies has 20 employees and sales of around SEK 50 million.
The closing is estimated to take place in the beginning of December 2012. The acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.
Stockholm, November 30, 2012
Addtech AB (publ)
For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Åke Darfeldt, Business area manager, Addtech Energy, +46 708 870 515