Brief: Addtech Acquires IETV Elektroteknik

Addtech AB

12/03/2021 08:46

March 12 (Reuters) - Addtech AB  ADDTb.ST :
    * ADDTECH ACQUIRES IETV ELEKTROTEKNIK AB
    * IETV ELEKTROTEKNIK AB HAS THIRTY-EIGHT EMPLOYEES AND HAS
ANNUAL
SALES OF APPROXIMATELY SEK 80 MILLION.
    * ADDTECH ENERGY, A BUSINESS AREA IN ADDTECH GROUP, HAS
TODAY
SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES OUTSTANDING IN IETV
ELEKTROTEKNIK AB.
    * CLOSING WILL TAKE PLACE DURING MAY
    * ACQUISITION IS EXPECTED TO HAVE A MARGINALLY POSITIVE
IMPACT ON
ADDTECH'S EARNINGS PER SHARE

Source text for Eikon:  ID:nWkr1vP40X 
Further company coverage:  ADDTb.ST 

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