Insmat is part of the Group's business area Energy & Equipment and sells accessories for mobile telephones, cameras and computers, as well as electronic equipment to resellers, primarily in Finland. Insmat has revenue of MSEK 45 and eleven employees.

 

The sale of industrial batteries previously conducted by Insamat was transferred over a year ago to subsidiary Akkuvoima in business area Energy & Equipment. For the business area the sale of Insmat means a streamlining of the operations to focus solely on industrial applications. The buyers are private investors and with the new owners the business is expected to have excellent opportunities for continued positive development.

 

The closing takes place today and the sale is expected to have a marginal effect on Addtech's earnings per share during the current financial year.

 

Stockholm, 25 February 2009

Addtech AB (publ)