Addtech acquires ASI Automatikk AS

(Thomson Reuters ONE) -


Addtech Components, a business area in the Addtech Group, has today signed an
agreement to acquire all shares outstanding in ASI Automatikk AS.

ASI Automatikk is a technology trading company, providing electromechanical
components for machine manufacturers and for the shipping and off-shore sector.
The company represents global leading suppliers within its product areas and
commands a solid position in the Norwegian market in its customer and product
segments.

ASI Automatikk will very effectively complement Addtech's operations in the
business unit Addtech Components Norway. ASI Automatikk has seven employees and
sales of around NOK 40 million.

The closing is estimated to take place in the beginning of July 2012 after
approval is obtained from the appropriate authorities. The acquisition is
estimated to have a marginally positive effect on Addtech's earnings per share
during the current financial year.


Stockholm, May 31, 2012

Addtech AB (publ)

For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Anders Claeson, Business area manager, Addtech Components, +46 708 641 516




Addtech acquires ASI Automatikk AS:
http://hugin.info/132861/R/1616282/515434.pdf



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Source: Addtech AB via Thomson Reuters ONE
[HUG#1616282]

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Bereitgestellt von Benutzer: hugin
Datum: 31.05.2012 - 13:01 Uhr
Sprache: Deutsch
News-ID 151846
Anzahl Zeichen: 1934

contact information:
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Stockholm

Kategorie:

Business News

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