Addtech AB signed an agreement on 29 March 2007 for the acquisition
of all shares in Metric Industrial Oy, Metric Industrial A/S, Metric
Industrial AB and Metric Industrial AS. The seller is Metric
Industrial Holding BV, which in turn is owned by the Dutch investment
firm PION Holding BV.
The four Metric Industrial companies sell components and systems in
the field of industrial automation, as well as testing and
measurement systems in Finland, Denmark, Sweden and Norway. Annual
sales amount to EUR 16 million and the Group has over 30 employees.
Finland is currently the biggest market, with good growth potential
in all four markets.
In the field of industrial automation, the companies sell components
such as sensors, vision systems, industrial computers, industrial
ethernet and built-in power management for OEM enterprises and system
integrators in basic industries in the Nordic region. In the field of
testing and measurement the firms sell testing systems and electronic
instruments for installation, verification and monitoring of fiber
optic communication networks. In several cases the suppliers are
world leaders in their often very narrow product areas.
The acquisition is an important addition to the Addtech Group's sales
of niche and critical components intended for demanding customers in
Nordic industry. The acquisition strengthens the Addtech Group's
presence in Finland and Denmark in particular, while providing growth
opportunities in the other Nordic markets. Metric Industrial will be
managed as an independent unit in the Components business area.
The acquisition is expected to have a marginally positive impact on
Addtech's earnings per share during the upcoming financial year,
which begins on 1 April 2007. Closing took place on 29 March 2007.
Stockholm 29 March 2007
Addtech AB
For more information please contact
Roger Bergqvist, Managing director Addtech AB, +46 8 470 49 04
Addtech is a technology trading group that develops and sells hi-tech
components and systems to industrial companies and the service
industry in selected niche areas. The Group has an annual turnover of
about SEK 3.6 billion and around 1,300 employees. Its customers are
mainly manufacturing companies in the engineering, vehicle, telecoms
and electronics industries and laboratories in the fields of health
care and research in the Nordic region. Addtech provides its
customers with technological and financial added value.
Addtech is listed on OMX Nordic Exchange.
Addtech Acquires Metric Industrial
| Quelle: Addtech AB