Key Developments: Addtech AB (ADDTb.ST)

ADDTb.ST on Stockholm Stock Exchange

95.75SEK
17 Apr 2014
Price Change (% chg)

-1.25kr (-1.29%)
Prev Close
97.00kr
Open
97.00kr
Day's High
97.00kr
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95.25kr
Volume
6,630
Avg. Vol
30,087
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111.00kr
52-wk Low
66.00kr

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Latest Key Developments (Source: Significant Developments)

Addtech AB Acquires Necks Electric Holding AB
Friday, 31 Aug 2012 04:25am EDT 

Addtech AB announced that Addtech Energy, a business area in the Addtech Group, has signed an agreement to acquire all shares outstanding in Necks Electric Holding AB. The Necks Electric-group is a supplier of complete systems for power transmission lines. The Necks Electric-group offers the electrical distribution market customized deliveries consisting of cost-efficient own produced products and traded products. The Necks Electric-group has subsidiaries in Sweden and Poland and also smaller operations in Norway and Finland. The Necks Electric-group complements Addtech's operations in the business unit Energy Supply. The Necks Electric-group has 175 employees and sales of approximately SEK 220 million. The closing is estimated to take place in the beginning of November 2012 after approval is obtained from the appropriate authorities.  Full Article

Addtech AB Announces Details on FY 2011/2012 Dividend
Wednesday, 18 Jul 2012 02:00am EDT 

Addtech AB announced that its Board of Directors has proposed to pay a dividend of SEK 8 per share for fiscal year 2011/2012. The record day for receipt of the dividend is September 3, 2012. Subject to approval by the Annual General Meeting in accordance with the proposal, the dividend is expected to be paid via Euroclear Sweden AB on September 6, 2012, to shareholders of record on the record day.  Full Article

Addtech AB's Addtech Components Acquires ASI Automatikk AS
Thursday, 31 May 2012 07:00am EDT 

Addtech AB announced that Addtech Components, a business area in the Addtech Group, has signed an agreement to acquire all shares outstanding in ASI Automatikk AS. ASI Automatikk is a technology trading company, providing electromechanical components for machine manufacturers and for the shipping and off-shore sector. ASI Automatikk has seven employees and sales of around NOK 40 million. The company will complement Addtech's operations in the business unit Addtech Components Norway. The closing is estimated to take place in the beginning of July 2012 after approval is obtained from the appropriate authorities.  Full Article

Addtech AB's Business Area Acquires Staubo Elektro Maskin AS
Wednesday, 23 May 2012 07:15am EDT 

Addtech AB announced that its business area Addtech Energy signed on May 23, 2012 an agreement to acquire all shares outstanding in Staubo Elektro Maskin AS. Staubo Elektro Maskin is a technology trading company, providing solutions within battery- and power supply, electric motors and signaling systems. Staubo will become part of the business unit Energy Storaget that develops and sells battery solutions and power supply. The closing is estimated to take place in the beginning of July 2012 after approval is obtained from the appropriate authorities. The acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the financial year 2012.  Full Article

Addtech AB Proposes FY 2011/2012 Dividend of SEK 8.00 per Share
Wednesday, 9 May 2012 06:00am EDT 

Addtech AB announced that the Board of Directors of the Company has proposed a dividend of SEK 8.00 per share for financial year 2011/2012. For financial year 2010/2011, the Company paid a dividend of SEK 7.00 per share.  Full Article

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