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  5. Addtech Acquires Itek AS

M&A Deal Summary

Addtech Acquires Itek AS

On November 9, 2016, Addtech acquired engineering company Itek AS

Acquisition Highlights
  • This is Addtech’s 1st transaction in the Engineering sector.
  • This is Addtech’s 8th transaction in Norway.

M&A Deal Summary
Date 2016-11-09
Target Itek AS
Sector Engineering
Buyer(s) Addtech
Deal Type Add-on Acquisition

Target

Itek AS

Lillesand, Norway
Itek AS is an engineering company its provides a energy efficient solutions and systems for clean air, process cooling and dust collection.

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Buyer(S) 1

Buyer

Addtech

Stockholm, Sweden
Category Company
Founded 1906
Sector Information Technology
Employees4,470
Revenue 21.8B SEK (2025)
DESCRIPTION

Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech was founded in 1906 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 27 of 37
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 25 of 35
Country: Norway M&A 8 of 8
Year: 2016 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 Penlink AB

Hägersten, Sweden

Penlink AB is an independent supplier of electronic components and power systems for the automation industry. Penlink delivers products and solutions in the fields of rotating transmission and electro optics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Sensor Control Nordic AB

Upplands Väsby, Sweden

Sensor Control Nordic AB is an independent supplier of components and systems for automation, mobile and defence applications.

Buy -
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