Delphi has advised Addtech Nordic AB on the deal.
Addtech Energy, a business area in the Addtech Group, has signed an agreement to acquire all shares outstanding in IETV Elektroteknik AB.
IETV Elektroteknik AB is a knowledge company that offers qualified services in power supply to railways, hydropower and industry. With cutting-edge technology, the company creates sustainable value for customers and end users. The company is primarily active in Sweden and Norway.
IETV Elektroteknik AB has thirty-eight employees and has annual sales of approximately SEK 80 million.
IETV Elektroteknik AB develops the operations conducted in the Energy Supply business unit in the area of operation and maintenance of railway facilities and power generation.
Addtech is a technology trading 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 3,000 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 11 billion. Addtech is listed on Nasdaq Stockholm.
The Delphi’s team consisted of Fredrik Mörner (Picture), Christoffer Malmström, Emmy Falck, Adam Odmark and Ellen Karp Jakobsson.
Involved fees earner: Emmy Falck – Delphi Advokatfirman; Ellen Karp Jakobsson – Delphi Advokatfirman; Christoffer Malmström – Delphi Advokatfirman; Fredrik Mörner – Delphi Advokatfirman; Adam Odmark – Delphi Advokatfirman;
Law Firms: Delphi Advokatfirman;
Clients: Addtech Nordic AB;