Addtech Components, a business area in the Addtech Group, has today signed an
agreement to acquire all shares outstanding in Valnor AS.
Valnor is a technology trading company, providing valves and accessories for
instrumen-tation and piping systems. The company represents leading suppliers
within its product areas and commands a solid position in the Norwegian market
to offshore oil & gas, shipping and onshore process industry.
Valnor will very effectively complement Addtech's operations in the business
unit Addtech Components Norway. Valnor has twelve employees and sales of around
NOK 50 million.
The closing is estimated to take place in the beginning of December 2013 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, November 4, 2013
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
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