Acquisitions
WE ACQUIRE COMPANIES TO KEEP AND DEVELOP THEM
Acquisitions are an important part of business and organisational growth and they are necessary for goal achievement. Addtech is always looking for entrepreneurs and technology trading companies that can bolster existing operations or contribute with new product or market segments where the conditions are right for taking leading niche positions.
Addtech acquires companies in order to maintain and further develop them in the long term. The new companies contribute with a presence on new sub-markets, supplementary agents and suppliers and, perhaps most importantly, skilled employees with a strong entrepreneurial spirit. For its part, Addtech is able to make a contribution as a financially robust, well-established and committed owner with clear goals and tools for growth and profitability.
COMPREHENSIVE EXPERIENCE OF CORPORATE ACQUISITIONS
Over the years Addtech has acquired and integrated many companies, and through these experiences a clear, successful process for integrating and developing the companies acquired has emerged.
The route to a successful acquisition for both buyer and seller is rarely a rapid process; it may well take several years, giving the parties time to become well acquainted with each other before the deal is finalised. This acquisition process minimises the risk of misunderstandings or false expectations. Also, it lays the foundations for trust and for the parties and key personnel to be satisfied with the outcome.
In each acquisition process the company is evaluated according to a series of acquisition criteria that, when met, create good conditions for further development within Addtech. The acquired company is expected to contribute to the Group’s profitability in both the short and long term and have good growth prospects. As a rule, Addtech’s subsidiaries are wholly owned.
| Acquistions | 2014/2015 | 2013/2014 | 2012/2013 | 2011/2012 | 2010/2011 |
|---|---|---|---|---|---|
| Number of acquisitions | 9 | 5 | 8 | 6 | 12 |
| Acquired annual sales | 540 | 299 | 591 | 430 | 633 |
| Number of employees | 140 | 87 | 300 | 157 | 180 |
| * Refers at the time of acquisition on a full-year basis. | |||||
SUPPLEMENT AND GRADUALLY DEVELOP
Addtech’s focus on niche areas is clear through the division into various business units under the respective business areas. Entrepreneurs interested in selling their companies to Addtech often see a natural position for their companies within the Group structure.
Future acquisitions will primarily be made within the framework of existing business areas. However, the market is constantly changing, providing opportunities for developing new business areas, while Addtech gradually moves forward its positions.