Change in management in the Addtech Group

Preparations for a separate listing for the Life Science Business Area on Nasdaq OMX Stockholm continue. A parent company for the Life Science operation has been formed and named AddLife AB.

Addtech’s Chief Financial Officer (CFO), Kristina Willgård, has been appointed as President of AddLife AB and will therefore leave her position at Addtech AB on 1 November 2015. The process to recruit a successor has begun. During the period until the recruitment is completed, Mats Lönnqvist has been appointed as acting Chief Financial Officer of Addtech AB. Mats Lönnqvist is an experienced CFO who has previously served at companies such as Securum, Biacore, Esselte, Eniro, SAS, PostNord and, most recently, Bisnode.

Artur Aira, who previously served as Business Area Manager at Life Science, has been appointed Executive Vice President of the new company. Martin Almgren, who previously held the position of Group Accounting Manager at Addtech AB, has been appointed Chief Financial Officer of AddLife AB.

Stockholm, October 23, 2015

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00

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.