This is addtech

PROFIT GROWTH FOR MORE THAN 100 YEARS

Addtech has fundamentally maintained the same business concept for more than 100 years. Its founders, Arvid Bergman and Fritz Beving, started a company with the business concept of importing technical products from Germany to sell to the rapidly expanding Swedish industry.

Addtech’s founders became the foreign suppliers’ agent in Sweden, which meant that they bought the suppliers’ products and then sold them on and provided aftermarket service. Some of the company’s first products were automatic weighing scales, water meters, electricity meters, cable and electrical recording instruments (such as ECG instruments).

Today the company’s offering is thousands of times broader, and alongside standard products it includes more advanced and specialised products incorporating elements of Addtech’s own design, development and manufacture. Addtech, or in actual fact, Addtech’s many subsidiaries, are constantly on the look out for new niche products that fit into the business model.

LEADER IN VALUE-ADDING TECHNOLOGY TRADING

Addtech’s vision is to be the leading value adding tech provider in Northern Europe. To be the leader means that Addtech must be the best in a number of selected niches. In turn, this means that we are to stand for development and continuity and are to be perceived by our customers, suppliers and employees as the most skilled partner.

Being a value-adding company means that we can always add value to our customers’ products and processes through our expertise, understanding and resources.

GROWTH, PROFITABILITY AND DEVELOPMENT

Over time Addtech has established three core requirements that summarise the expectations that customers, suppliers and shareholders have of the operation. Addtech’s subsidiaries shall aim to generate growth, achieve profitability and drive development.

Growth is the foundation for long-term profitability and enables the operation to evolve. The profitability target, P/WC of 45 percent, encourages high operating profit and low levels of tied-up capital. When combined with the profit growth target of 15 percent, this creates positive cash flow and enables long-term growth that is financed from within the company.

Profitability and growth are not, however, the only factors required for lasting success. To be robust, Addtech, our companies and employees must also be able and dare to develop and change over time, depending on conditions and opportunities. Each subsidiary and employee must actively identify success factors and tackle issues and problematic situations to achieve change and positive development.