Addtech acquires Norwegian company
(Thomson Reuters ONE) -
Addtech Components, a business area in the Addtech Group, has today signed an
agreement to acquire 80 percent of the shares in Egil Eng & Co. AS.
Egil Eng & Co. AS. is a technology trading company which sells components and
customised solutions within the hydraulic and mechanic sectors. The company is a
well known supplier to Norwegian manufacturers of agricultural and construction
equipment as well as to customers within the shipping and off-shore sectors. The
company has twenty employees and a revenue of approximately NOK 50 million.
Egil Eng & Co. AS. constitutes an excellent compliment to Addtech Components'
operations and will strengthen our current position in hydraulics and mechanics
in the Norwegian market.
The closing will take place 1 July 2010 and the acquisition is estimated to have
a marginally positive effect on Addtech's earnings per share during the current
financial year.
Stockholm, 8 June, 2010
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 70 864 15 16
[HUG#1422471]
Addtech acquires Norwegian company: http://hugin.info/132861/R/1422471/371536.pdf
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2010 - 15:46 Uhr
Sprache: Deutsch
News-ID 22112
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