Addtech in Chemo Electric A/S takeover
Addtech Components, a division of Addtech AB, has today, 25 June 2007, signed a contract to acquire all shares in Chemo Electric A/S. The sale is being handled on behalf of Chemo Electric Holding ApS by Leif Nielsen.
Chemo Electric A/S supplies electro-mechanical components to major OEM customers in Denmark operating within the field of medical technology and other manufacturing industries. The company employs eleven people and has a turnover of DKK 59 million.
Chemo Electric A/S complements Addtech's existing operations in Denmark with regard to both product range and customer base. Chemo Electric A/S's long experience of developing customer-centred solutions is expected to contribute to continued growth for Addtech's Danish components companies.
It is believed the acquisition will have a marginally positive effect on the performance of Addtech shares over the current financial year. The acquisition is expected to be completed on 2 July 2007.
Stockholm, 25 June 2007
Addtech AB
Stockholm, 25 June 2007
Addtech AB
For further information please contact:
Roger Bergqvist, Managing Director, Addtech AB, +46 8 470 49 04
Roger Bergqvist, Managing Director, Addtech AB, +46 8 470 49 04
Anders Dafnäs, Managing Director, Addtech Components AB, +46 708 303 368