Addtech Industrial Solutions, a business area in the Addtech Group, has today
signed an agreement to acquire all shares outstanding in Sittab AB.
Sittab is a niche company that delivers ergonomic solutions to driver seats
mainly to construction equipment and buses. The product range includes arm- and
headrest, turntables and joystick boxes which contributes to efficient and
improved operator comfort. The company has an established distributor network
and has own operations in Sweden, the USA and China. The headquarter is in the
village of Gustafs, Sweden.
Sittab will very effectively complement Addtech's operations within the business
unit Customised Solutions. Sittab has 26 employees and sales of around SEK 65
million.
The closing is estimated to take place in the beginning of October 2013 and the
acquisition is estimated to have a marginally positive effect on Addtech's
earnings per share during the current financial year.
