Addtech Energy, a business area in the Addtech Group, has today signed an
agreement to acquire all shares outstanding in Necks Electric Holding AB.
The Necks Electric-group is a supplier of complete systems for power
transmission lines. The Necks Electric-group offers the electrical distribution
market customized deliveries consisting of cost-efficient own produced products
and traded products. The Necks Electric-group has subsidiaries in Sweden and
Poland and also smaller operations in Norway and Finland.
The Necks Electric-group complements Addtech's operations in the business unit
Energy Supply. The Necks Electric-group has 175 employees and sales of around
SEK 220 million.
The closing is estimated to take place in the beginning of November 2012
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, August 31, 2012
Addtech AB (publ)
For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Ã…ke Darfeldt, Business area manager, Addtech Energy, +46 708 870 515
Addtech acquires the Necks Electric-group :
http://hugin.info/132861/R/1637364/526700.pdf
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Source: Addtech AB via Thomson Reuters ONE
[HUG#1637364]
