Swedish Addtech AB group expands its product offering in Finland by acquiring all outstanding shares of Elgood Oy. Elgood Oy is one of the leading importers and retailers of electronic components and customized solutions in Finland. The company is a well known supplier to Finnish manufacturers of equipment within its most important customer sectors; telecom, industrial automation and energy. Before the transaction, Elgood had nine employees and a revenue of approximately 4 MEUR. Elgood is an excellent compliment to Addtech Components' operations.Carner advised the sellers throughout the process.
Buyer
Addtech AB
Addtech is a technology trading Group with an annual revenue of about SEK 4 billion and about 1,300 employees at the time of the transaction. It is listed in NASDAQ OMX in Stockholm.
