Addtech – Acquisition of Elkome Group Oy

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We advised Addtech Group in the acquisition of all shares outstanding in Elkome Group Oy. Elkome Group includes Elkome Group Oy and its subsidiaries Elkome Systems Oy, Elkome Installaatiot Oy, and Elkome Software Oy. The sale and purchase agreement was signed on 5 March 2020, and the acquisition was closed on 1 April 2020.

Addtech is a Swedish technology trading group that provides technological and economic value added in the link between manufacturers and customers. Its customers primarily operate in the manufacturing industry and public sector. Addtech has about 2,900 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on the Nasdaq Stockholm.

Elkome develops, integrates and delivers solutions for applications in industrial IoT primarily for industrial production, smart cities and infrastructure. Elkome’s offering includes customised computer systems, test systems, info kiosks, software, sensors and industrial communication. Elkome has 38 employees and sales of approximately EUR 8 million.