Addtech AB (publ.) (OM:ADDT B) signed an agreement to acquire 89% stake in C. Gunnarssons Verkstads Aktiebolag from the owners on June 11, 2024. Current owners will remain as minority owners with 11% of the shares. C. Gunnarssons Verkstads Aktiebolag has 45 employees and an average annual turnover of approximately SEK 200 million.

The acquisition is expected to have a marginally positive impact on Addtech's earnings per share during the current financial year. The transaction is expected to close at the beginning of July 2024. IMAP Sweden acted as sell-side financial advisor to the sellers throughout the process.