Addtech Components, a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in RECAB Embedded Computers AB.
RECAB develops, manufactures and markets innovative embedded computer systems for demanding applications to OEM customers in the Nordic market. The company's range of products is based on components from well-established suppliers which are combined into customised computer solutions.
RECAB will very effectively complement Addtech's current operations in the business unit MI Group. The Company has 18 employees and sales of around SEK 100 million.
The closing is estimated to take effect in the beginning of October 2015 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year.
Addtech acquires RECAB Embedded Computers AB
Addtech förvärvar RECAB Embedded Computers AB.
Stockholm, September 28, 2015 Addtech AB (publ)
For further information, contact
Johan Sjö, President, Addtech AB, +46 8 470 49 00
Anders Claeson, Business area manager, Addtech Components, +46 708 641 516