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. Addtech consists of approximately 140 subsidiaries with in total about 3.500 employees.[1] The Group is active within selected niche markets for high-tech products and solutions.[2][buzzword] The customers are to a large extent Nordic companies within the manufacturing industry. The Group has yearly sales of SEK 14 billion and sells to more than 40 countries.[3]
Business areas
Operations are organized in five business areas: Automation, Components, Energy, Industrial Process and Power Solutions.[4]
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.
Addtech Components sells components and solutions within the areas of mechanics, electromechanics, hydraulics and electronics. Customers mainly operate in the segments of machinery production, special vehicles, energy and electronics in the Nordic manufacturing industry.
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.[5] Since Addtech's listing in 2001 approximately 90 corporate acquisitions have been made.
References
- ^ "Värdeskapande teknikhandel | Addtech". www.addtech.se. Retrieved 2020-04-03.
- ^ "AddTech AB - Company Profile". Bloomberg. Retrieved 2020-04-03.
{{cite web}}: CS1 maint: url-status (link) - ^ "Addtech". Norsk Analyse AS. Retrieved 2020-04-03.
- ^ "Addtech AB". www.bloomberg.com. Bloomberg. Retrieved 3 April 2020.
- ^ "History". Bergman & Beving. 3 May 2017. Retrieved 3 April 2020.