Lars Weibull AB was the sell side advisor when Addtech entered into an agreement to acquire all the shares in Peter Andersson AB (“Andersson System”). The closing took effect on the 2 of April and Andersson System will join the business area Addtech Energy.
Andersson System supplies both trading products and own products within electrical accessories for office and kitchen environments, to the Swedish and Norwegian markets. The products are sold through retailers of office furniture, office interiors, AV equipment, computer accessories and kitchen furnishings. The company has nine employees and annual sales of around 30 million SEK.
Andersson System will very effectively complement the operations in the business unit Energy Products, focusing on energy efficient electrical installation products sold to customers within installation and industry.
Addtech is a Swedish publicly listed technology trading group. The business comprises about 130 independent companies that sell high-tech products and solutions to customers chiefly in the manufacturing and infrastructure sectors in around 20 countries.