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 14 billion (2021/2022 Annual report) |
Number of employees | 3 500 |
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 produce and sell intelligent solutions, subsystems and components for industrial automation, medical technology and infrastructure.
Addtech Electrification provide battery solutions, energy-efficient power solutions, as well as components and subsystems in mechatronics.
Addtech Energy produce and sell products for electricity transmission, electrical installation and safety products for transport and the home environment.
Addtech Industrial Solutions provides efficient, safe and sustainable solutions for the industry - primarily forestry, special vehicles and waste and recycling.
Addtech Process Technology produce and sell solutions for measuring, controlling and streamlining industrial flows.
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.