Today, Addtech Energy, a business area in the Addtech Group, signed an agreement to acquire all the shares in CTM Lyng AS. CTM Lyng is a well-established manufacturer and supplier of products for improving energy efficiency, as well as lighting and heating control products (“the smart house”) for the construction and installation market in Norway. The company has a significant product development operation of its own. Well -established and familiar brands include Microsafe, Centrol, Mkomfy and Vern. CTM Lyng complements Addtech’s operations in the Energy Products business unit. CTM Lyng has approximately 55 employees and annual sales of approximately NOK 130 million. The acquisition is expected to take effect by 1 September 2015 and to have a marginally positive effect on Addtech’s earnings per share during the current financial year. Stockholm, 10 July, 2015 Addtech AB (publ) For further information, please contact Johan Sjö, President, Addtech AB, +46 8 470 49 00 Åke Darfeldt, Business Area Manager, Addtech Energy, +46 708 870 515
Addtech acquires CTM Lyng
| Quelle: Addtech AB