Addtech
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| Company type | Publicly traded Aktiebolag |
|---|---|
| Industry | Technology trading |
| Founded | The original company Bergman & Beving was founded 1906. In 2001, Addtech was listed on the NASDAQ OMX Stockholm exchange. |
| Headquarters | Stockholm, Sweden |
Key people | CEO: Niklas Stenberg |
| Revenue | SEK 10 billion (2018/2019 Annual report) |
Number of employees | Approx. 2900 |
Addtech AB is a Swedish publicly listed technical solutions group. Operations comprise 140 independent group companies selling high-tech products and solutions to customers, primarily in the manufacturing and infrastructure sectors – with a focus on long-term sustainable growth.
Business areas
Operations are organized in five business areas: Automation, Electrification, Energy, Industrial Solutions and Process Technology.
Addtech Automation sells intelligent solutions,[buzzword] subsystems and components, primarily for industrial automation and infrastructure, including solutions[buzzword] for robotics, control systems, sensors, industrial networks and communication networks.
The companies within Addtech Electrification provide battery solutions, energy-efficient power solutions, as well as components and subsystems in mechatronics. Examples of products are battery solutions, power supply components, powertrains, cabling, electric brushes, electronic components, HMI and media conversion.
Addtech Energy sells products for the transmission and distribution of electricity, as well as products in the areas of electrical safety, electrical installation and connection technology. Customers operate mainly in the energy and electrical installation market.
Addtech Industrial Process sells solutions,[buzzword] subsystems and components that contribute to optimising industrial process flows. Customers operate mainly in the northern European manufacturing and processing industries.
Addtech Power Solutions develops and sells components and solutions[buzzword] for power supply and for steering and controlling movements or energy flows. Customers operate mainly within special vehicles, the energy sector and the electronics industry.
Market
Addtech’s operational focus is on the Nordic countries, although markets outside the region have grown in importance in recent years. The operations beyond the Nordics are in the UK, Germany, Austria, Switzerland, Poland, Estonia, Latvia, Japan, USA and China. In addition to this, the Group exports to more than 20 other countries.
History
Addtech originates from the company Bergman & Beving which was founded in 1906 and went public in 1976. The division of operations into business areas, and the combination of decentralization and own responsibility, were already catchwords at the time of Bergman & Beving, and has laid the foundation for the business philosophy of today's Addtech. In 2001, Bergman & Beving divided operations in three independent subsidiaries each of which is listed on the Nasdaq OMX Stockholm, also called Stockholm Stock Exchange. Three new companies were born; Bergman & Beving, now B&B Tools, Lagercrantz Group and Addtech.[1] Since Addtech's listing in 2001 approximately 90 corporate acquisitions have been made.