Industrial trading group Addtech's Industry business area is acquiring all shares in UK-based RTL Materials, which develops rollable composite structures and deployable mast systems for, among other things, the defense and aerospace markets.
The company has about 60 employees and generates revenue of around £11m per year. Closing takes place today.
The acquisition is expected to have a marginally positive effect on Addtech's earnings per share during the current fiscal year.
Addtech AB specializes in the trading and sale of technological solutions, technical components and subsystems for the manufacturing and infrastructure sectors. The Group's operations are organized into three business segments:
- mechanical, electromechanical, hydraulic and electronic components and subsystems : primarily intended for the manufacturing, energy, electronics and automotive sectors;
- power supply and energy flow control components and systems : primarily intended for the automotive and telecommunications industries;
- electricity transmission and distribution products and solutions. The group also offers electrical safety and installation products as well as energy efficiency systems;
- solutions, subsystems and components for industrial process flow optimization.
Net sales break down by market into energy (20.8%), forestry (16.8%), automotive industry (10.8%), mechanical engineering (10.7%), building and construction (8.3%), transportation (7.5%), electronics (6.3%), medical technology (6.1%), telecommunications (3.9%), and other industries (8.9%).
Net sales are distributed geographically as follows: Sweden (25.7%), Denmark (12.2%), Finland (9.5%), Norway (10.4%), Germany (7.9%), the United Kingdom (6.0%), Europe (17.1%), and other (11.2%).
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ESG MSCI
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