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Addtech AB Acquires Sittab AB

Thursday, 12 Sep 2013 08:45am EDT 

Addtech AB announced that Addtech Industrial Solutions, a business area in the Company, has signed an agreement to acquire all shares outstanding in Sittab AB. Sittab is a company that delivers ergonomic solutions to driver seats mainly to construction equipment and buses. The product range includes arm- and headrest, turntables and joystick boxes which contributes to efficient and improved operator comfort. The company has an established distributor network and has own operations in Sweden, the United States and China. The closing is estimated to take place in the beginning of October 2013. Financial details were not disclosed. 

Company Quote

1.5 +1.27%
11:29am EST