Addtech AB (publ.) (OM:ADDT B) acquired Novomotec Gmbh on April 10, 2024. Novomotec has nine employees and a turnover of approximately ?7 million for the year ended December 31, 2023 and is headquartered in Hohenbrunn, Germany. As a part of acquisition, Novomotec complements and strengthens Addtech's existing operations in the area of precision motors and will be part of the Power & Mobility business unit. The closing will take place today. The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year.

Addtech AB (publ.) (OM:ADDT B) completed the acquisition of Novomotec Gmbh on April 10, 2024.