Addtech in Chemo Electric A/S takeover



Addtech Components, a division of Addtech AB, has today, 25 June
2007, signed a contract to acquire all shares in Chemo Electric A/S.
The sale is being handled on behalf of Chemo Electric Holding ApS by
Leif Nielsen.

Chemo Electric A/S supplies electro-mechanical components to major
OEM customers in Denmark operating within the field of medical
technology and other manufacturing industries. The company employs
eleven people and has a turnover of DKK 59 million.

Chemo Electric A/S complements Addtech's existing operations in
Denmark with regard to both product range and customer base. Chemo
Electric A/S's long experience of developing customer-centred
solutions is expected to contribute to continued growth for Addtech's
Danish components companies.

It is believed the acquisition will have a marginally positive effect
on the performance of Addtech shares over the current financial year.
The acquisition is expected to be completed on 2 July 2007.

Stockholm, 25 June 2007

Addtech AB


For further information please contact:
Roger Bergqvist, Managing Director, Addtech AB, +46 8 470 49 04
Anders Dafnäs, Managing Director, Addtech Components AB, +46 708 303
368

Attachments

Press release PDF