Addtech AB - Company Profile
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Addtech AB (Addtech) is a provider of industrial products and services to the manufacturing and public sector companies. The company offers products for power transmission and equipment and materials for industrial production processes. Addtech also develops, markets and sells components and system solutions. It provides components and subsystems in building and installation; data and telecommunications; electronics; energy; vehicle; medical technology; mechanical industry; forest and process and others. The company operates in Denmark, Finland, Norway and Other European countries. Addtech is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Birger Jarlsgatan 43, Stockholm, 10243
Website
www.addtech.com
Telephone
46 8 4704900
No of Employees
4,146
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
ADDT B (STO)
Revenue (2023)
$1.9B
7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
9.2%
(2023 vs 2022)
Market Cap*
$6.0B
Net Profit Margin (2023)
XYZ
2.0%
(2023 vs 2022)
* As of and is in US$
Addtech AB premium industry data and analytics
Products and Services
| Products |
|---|
| Automation Products |
| Electrification Products |
| Energy Products |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into an agreement to acquire entire shares of Crescocito AB. |
| 2023 | Contracts/Agreements | In December, the company entered into an agreement to acquire 80% of the shares in Kemic Vandrens. |
| 2023 | Contracts/Agreements | In June, the company signed an agreement to acquire S. Tygesen Energi A/S. |
Competitor Comparison
| Key Parameters | Addtech AB | Indutrade AB | Garo AB | Malmbergs Elektriska AB | Ahlsell AB |
|---|---|---|---|---|---|
| Headquarters | Sweden | Sweden | Sweden | Sweden | Sweden |
| City | Stockholm | Kista | Gnosjoe | Kumla | Stockholm |
| State/Province | - | Stockholm | - | - | - |
| No. of Employees | 4,146 | 9,262 | 478 | 174 | 5,700 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kenth Eriksson | Chairman | Executive Board | 2021 | 62 |
| Niklas Stenberg | Chief Executive Officer; Director; President | Executive Board | 2020 | 49 |
| Malin Enarson | Chief Financial Officer | Senior Management | - | 50 |
| Ulf Mattsson | Director | Non Executive Board | 2012 | 59 |
| Malin Nordesjo | Director | Non Executive Board | 2015 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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