Key Developments: Addtech AB (ADDTb.ST)

ADDTb.ST on Stockholm Stock Exchange

107.00SEK
21 Nov 2014
Price Change (% chg)

1.50kr (+1.42%)
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105.50kr
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132.00kr
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77.00kr

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Latest Key Developments (Source: Significant Developments)

Addtech AB's Addtech Energy Acquires Rutab
Friday, 15 Mar 2013 09:00am EDT 

Addtech AB announced that the Company's business area Addtech Energy has signed an agreement to acquire 80% of the shares outstanding in Rutab AB. Rutab is a supplier of electro-technical materials and components for automation technology with focus on cable glands, grommets and conduits for cabling solutions as well as machinery cables. The closing is estimated to take place in the beginning of April 2013. Financial details were not disclosed.  Full Article

Addtech AB's Addtech Life Science Acquires Norsk Analyse AS
Wednesday, 12 Dec 2012 11:10am EST 

Addtech AB announced that Addtech Life Science, a business area in the Addtech Group, has signed an agreement to acquire all shares outstanding in Norsk Analyse AS. The Norsk Analyse Group sells system solutions and analyzers for gas- and liquid analysis, and performs service and maintenance on delivered equipment. The group has a position as supplier of complete analyzer systems with own construction and production. Customers are mainly within the oil and gas- and process industries in the Nordic region. The group has their own sales companies in Norway, Sweden, Denmark, Finland, Trinidad/Tobago and Turkey. The Norsk Analyse Group has around 60 employees and sales of around NOK 120 million. The Norsk Analyse Group will become part of the Process Technology business unit which markets equipment for the process industry in Sweden, Denmark and Finland. The closing is estimated to take place in the beginning of January 2013 after approval is obtained from the appropriate authorities. The acquisition is estimated to have a marginally positive effect on Addtech AB's earnings per share during the 2012 financial year.  Full Article

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