Addtech AB (ADDTb.ST) Key Developments | Reuters.com
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Addtech AB (ADDTb.ST)

ADDTb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Addtech Q4 operating profit stable at SEK 117 million
Thursday, 12 May 2016 06:30am EDT 

Addtech AB : Q4 operating profit 117 million Swedish crowns ($14.35 million)versus 118 million crowns year ago . Q4 net sales 1.63 billion crowns versus 1.54 billion crowns year ago .Proposes a dividend of 3.25 crowns per share (3.25)..  Full Article

Addtech buys Poryan China Company
Friday, 18 Mar 2016 09:30am EDT 

Addtech AB:Addtech Power Solutions, a business area in the Addtech Group, has signed agreement to acquire 75 pct of shares outstanding in Poryan China Company Ltd.Poryan has 22 employees and sales of around 50 million Swedish crowns.Closing is estimated to take effect in the beginning of April 2016.Aacquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the coming financial year.  Full Article

Addtech AB buys Sammet Dampers Oy
Friday, 11 Mar 2016 05:00am EST 

Addtech AB:Addtech Industrial Process, a business area in the Addtech Group, has signed an agreement to acquire 100 percent of the shares outstanding in Sammet Dampers Oy​, an industrial company ‍.Sammet Dampers has 12 employees and sales of around 5 million euros ​.Closing is estimated to take effect in the beginning of April 2016.Acquisition will have a positive effect on company results.  Full Article

Addtech AB: distribution and listing of AddLife on Nasdaq Stockholm
Tuesday, 16 Feb 2016 09:00am EST 

Addtech AB:Distribution and listing of AddLife on Nasdaq Stockholm.‍Nasdaq Stockholm has decided to admit AddLife's class B shares to trading, subject to customary conditions​.‍First day of trading in Addlife shares of class B is expected to be March 16, 2016​.In connection with distribution and listing, AddLife will conduct a rights issue of about 300 million Swedish crowns with preferential rights for existing shareholders.  Full Article

Addtech says preparations for listing of AddLife progress according to plan
Tuesday, 9 Feb 2016 06:00am EST 

Addtech AB:Says preparations for separate listing of AddLife AB are progressing according to plan.AddLife is planning rights issue to existing shareholders in conjunction with the listing.AddLife rights issue is expected to raise about 300 million crowns for AddLife with full subscription.  Full Article

Goodtech to sell shares in Goodtech Products to Addtech Nordic‍​
Wednesday, 27 Jan 2016 05:46am EST 

Goodtech ASA:To sell all shares in Goodtech Products to Addtech Nordic AB.Purchase price for all shares in Goodtech Products is agreed to about 28 million Norwegian crowns, taking into account adjustments for net debt.  Full Article

Addtech appoints Christina Kassberg as new CFO
Friday, 13 Nov 2015 08:30am EST 

Addtech AB:Christina Kassberg has been appointed new CFO.Kassberg will take up position on Feb. 15, 2016 at the latest.  Full Article

Addtech AB acquires Powermec AB
Friday, 13 Nov 2015 03:00am EST 

Addtech AB:Signed an agreement to acquire all shares outstanding in Powermec AB.Closing will take place Nov. 13.Acquisition is estimated to have a marginally positive effect on Addtech's earnings per share.  Full Article

Addtech CFO Kristina Willgard leaves company
Friday, 23 Oct 2015 02:00am EDT 

Addtech AB:CFO, Kristina Willgard, will leave her position at AddTech on Nov. 1.Process to recruit a successor has begun.Mats Lonnqvist has been appointed as acting Chief Financial Officer.  Full Article

Addtech AB acquires RECAB Embedded Computers AB
Monday, 28 Sep 2015 06:30am EDT 

Addtech AB:Acquires RECAB Embedded Computers AB.Says RECAB has 18 employees and sales of around 100 million Swedish crowns.Closing is estimated to take effect in beginning of October and to have a marginally positive effect on Addtech's earnings per share during current financial year.Says expects RECAB to complement Addtech's current operations in business unit MI group.  Full Article