Addtech acquires MCS Europe Group B.V.
Addtech Automation, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in MCS Europe Group B.V. (“MCS”)
MCS is a leading supplier of products and services for Industrial mobile networks and Industrial IoT in the Netherlands and Belgium. The company is headquartered in Rotterdam, The Netherlands, has 19 employees and annual sales of approximately EUR 7 million.
“MCS has cutting edge expertise and a very attractive value proposition in the fast-growing segment of Industrial IoT wireless connectivity. With the acquisition of MCS we complement and strengthen our operation within business unit Industrial IT & Sensors in a very good way” says Martin Fassl, Business Area Manager Addtech Automation.
The closing will take place in the beginning of January and is estimated to have a marginally positive effect on Addtech’s earnings per share during the current financial year.
Stockholm, December 22, 2022
Addtech AB (publ)
For further information, contact
Niklas Stenberg, CEO, Addtech AB, +46 8 470 49 00
Martin Fassl, Business Area Manager, Addtech Automation, +46 706 69 69 34
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 3,500 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 14 billion. Addtech is listed on Nasdaq Stockholm.
This information was submitted for publication on December 22, 2022, at 2:00 p.m. (CET).
