Addtech acquires Finnish company

(Thomson Reuters ONE) -


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

Elgood is a technology trading company which sells components and customised
solutions within electronics. The company is a well known supplier to Finnish
manufacturers of equipment within the telecom and energy sector, as well as
industrial automation. Elgood has nine employees and a revenue of approximately
4 MEUR.

Elgood constitutes an excellent compliment to Addtech Components' operations
and taking the recent acquisition made of the Norwegian company Fox Electronics
AS into account the business area has now established a position covering the
entire Nordic market regarding components and customized solutions within
electronics.

The closing will take place 1 November, 2010 and the acquisition is estimated to
have a marginally positive effect on Addtech's earnings per share during the
current financial year.


Stockholm 26 October, 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#1455151]





Addtech acquires Finnish company:
http://hugin.info/132861/R/1455151/395162.pdf




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Source: Addtech AB via Thomson Reuters ONE

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Datum: 26.10.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 46162
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