ImpulseRadar is pleased to announce its acquisition by Swedish technology solutions group Addtech
Effective 4th April 2022, Addtech Industrial Solutions, a business area in the Addtech Group, has acquired 88 percent of the shares outstanding in Impulseradar Sweden AB.
“ImpulseRadar complements Addtech’s existing operations within the Industrial Solutions business area, specifically the infrastructure segment. We are delighted to conclude the signing and welcome them to the Addtech Group,” explains Daniel Prelevic, Business Area Manager, Addtech Industrial Solutions.
The ImpulseRadar management team will stay intact and comments on the deal as follows:
“By becoming part of the Addtech network, we can accelerate our impressive growth journey to take ImpulseRadar to the next level. With a strong owner to support our strategy, we aim to capitalise on our current market position and expand more effectively internationally. Importantly, there will be no changes to our current operations or sales distribution network”.
Addtech is a technology solution group that adds both technical and economic added value to the link between manufacturer and customer. Addtech operates in selected niches in the market for high-tech products and solutions. Customers are mainly in the manufacturing industry and infrastructure. Addtech has approximately 3,000 employees in more than 140 subsidiaries that operate under its own brands. The Group has a turnover of just over SEK 13 billion. The Addtech share is listed on Nasdaq Stockholm.