Industry Technology trading Number of employees approx. 2000 Headquarters Sweden | Key people Johan Sjö CEO Website www.addtech.com Founded 1906 | |
Type Publicly traded Aktiebolag Stock price ADDT-B (STO) SEK 149.00 0.00 (0.00%)2 Mar, 9:13 AM GMT+1 - Disclaimer Profiles | ||
Front maintenance led sign for usa market shenzhen add tech co ltd sales szaddtech com
Addtech is a Swedish technology trading group that develops and sells high-tech components and systems to industrial companies and the service industry. Addtech consists of more than 100 operating companies that all strive to be market leaders in their niches. The companies are held together by a corporate culture in which business skills and technical competence are central concepts and in which the flexibility of a small company is combined with the broad network and solid financial resources of the Group. The Group achieves annual sales of about SEK 5 billion to more than 30 countries and has approximately 2,000 employees.
Contents
Business Areas
Operations are organized in four business areas: Addtech Components, Addtech Energy, Addtech Industrial Solutions and Addtech Life Science.
Addtech Components markets and sells components and sub-systems in mechanics, electro-mechanics, hydraulics and electronics, as well as automation solutions, for customers in the manufacturing industry. In 2012/2013 net revenues amounted to MSEK 1,542, which is equivalent to 29 percent of Addtech’s revenues.
Addtech Energy markets and sells battery solutions, products for power transmission and equipment and materials for production processes in industry. Customers mainly come from the commercial vehicle industry, the energy and tele-coms sectors and the engineering industry. In 2012/2013 net revenues amounted to MSEK 1,576, which is equivalent to 29 percent of Addtech’s revenues.
Addtech Industrial Solutions markets and sells products made of polymeric materials, electric motors and transmissions, customer-specific products in electro-mechanics and machine components, equipment and consumables for the manufacturing industry. The business area’s own branded products are marketed and sold to local as well as global industrial customers. In 2012/2013 net revenues amounted to MSEK 1,150, which is equivalent to 21 percent of Addtech’s revenues.
Addtech Life Science markets and sells instruments, consumable supplies and services to laboratories in healthcare and research, diagnostics equipment for healthcare and process and analysis equipment for industry. During 2012/2013 net revenues in the business area amounted to MSEK 1,141, which is equivalent to 21 percent of Addtech’s revenues.
Market
Addtech’s operational focus is on the Nordic countries, although markets outside the region have grown in importance in recent years. The operations beyond the Nordics are in the UK, Ger-many, Austria, Poland, Estonia, Latvia, Japan and China. In addition to this, the Group exports to more than 20 other countries.
History
Addtech originates from the company Bergman & Beving which was founded in 1906 and went public in 1976. The division of operations into business areas, and the combination of decentralization and own responsibility, were already catchwords at the time of Bergman & Beving, and has laid the foundation for the business philosophy of today's Addtech. In 2001, Bergman & Beving divided operations in three independent subsidiaries each of which is listed on the Nasdaq OMX Stockholm, also called Stockholm Stock Exchange. Three new companies were born; Bergman & Beving, now B&B Tools, Lagercrantz Group and Addtech. Since Addtech's listing in 2001 approximately 50 corporate acquisitions have been made.