Addtech acquires Kemic Vandrens A/S

Addtech Process Technology, a business area in the Addtech Group, has today signed an agreement to acquire 80 % of the shares outstanding in Kemic Vandrens A/S (”Kemic”).

Kemic is a leading supplier of water purification plants and solutions. The company offers design and construction of new-builds, mobile waterworks as well as renovation and service agreements, primarily towards Danish industrial customers and water utilities. The company has 20 employees and a turnover of approximately DKK 60 million with headquarters in Give, Denmark.

With its deep expertise and widely based technology offering within water treatment, Kemic will strengthen the value proposition in the Process Systems business unit.

The closing will take place in the beginning of January. The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year.

Stockholm, December 19, 2023

Addtech AB (publ)
 

For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Claus Nielsen, Business Area Manager, Process Technology, +45 20 75 75 30

Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,900 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.

The information was submitted for publication, through the agency of the contact persons set out above, on December 19, 2023, at 10.30 a.m (CET).