Addtech

Addtech Electrification, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Novomotec GmbH (”Novomotec”).

Novomotec is a leading supplier of compact electric motors to OEM customers in light electric vehicles, medical technology and automation applications. The company has nine employees and a turnover of approximately EUR 7 million and is headquartered in Hohenbrunn, Germany.

Novomotec complements and strengthens Addtech's existing operations in the area of precision motors and will be part of the Power & Mobility business unit.

The closing will take place today. The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year.

Stockholm, April 10, 2024

Addtech AB (publ)
 

For further information, please contact
Niklas Stenberg, President of Addtech AB, +46 470 49 00
Per Lundblad, Business Area Manager, Electrification, +46 70 795 66 02

Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,900 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.

The information was submitted for publication, through the agency of the contact persons set out above, on April 10, 2024, at 3.00 p.m (CEST).