Addtech acquires Nuova Elettromeccanica Sud S.p.A.
Addtech Energy, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Nuova Elettromeccanica Sud S.p.A. (”NES”).
NES develops, manufactures and sells equipment and components for electric transmission lines and substations. The company has long been established as a supplier to grid operators, primarily in Europe. NES has 60 employees and a turnover of approximately EUR 14 million and is headquartered in Rome, Italy.
NES further develops our position as a global supplier of high-voltage transmission equipment and complements our operations in the Energy Supply business unit.
The closing takes place today. The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year.
Stockholm, June 3, 2024
Addtech AB (publ)
For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Hans Andersén, Business Area Manager, Addtech Energy, +46 70 677 17 09
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 4,000 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 20 billion. Addtech is listed on Nasdaq Stockholm.
The information was submitted for publication, through the agency of the contact persons set out above, at 3 June 2024, at 1.00 p.m (CEST).
