Brief: Addtech Acquires Avt Industriteknik

Addtech AB

11/05/2021 10:46

May 11 (Reuters) - Addtech AB  ADDTb.ST :
    * ADDTECH ACQUIRES AVT INDUSTRITEKNIK AB
    * ADDTECH ACQUIRES AVT INDUSTRITEKNIK AB
    * ADDTECH AB - ADDTECH AUTOMATION, A BUSINESS AREA IN
ADDTECH
GROUP, HAS TODAY SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES
OUTSTANDING IN AVT INDUSTRITEKNIK AB
    * CLOSING WILL TAKE PLACE TODAY
    * ACQUISITION IS ESTIMATED TO HAVE A MARGINALLY POSITIVE
EFFECT ON
ADDTECH'S EARNINGS PER SHARE DURING CURRENT FINANCIAL YEAR.
    * AVT DESIGNS AND MANUFACTURES INDUSTRIAL AUTOMATION
EQUIPMENT
PRIMARILY FOR MANUFACTURING, PHARMA AND AUTOMOTIVE INDUSTRY

Source text for Eikon:  ID:nWkr2Qb9x5 
Further company coverage:  ADDTb.ST 

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