Addtech AB — Cyborg Score 8/10

Strong
Industrial Technology & Components Distribution / Technical Solutions Conglomerate

Strategic Profile

Addtech pursues a disciplined acquisition strategy, continuously acquiring new businesses while maintaining active ownership to strengthen existing operations or contribute new product/market segments. Despite considerable global uncertainty in 2024/2025, Addtech continued to deliver profitable and sustainable growth according to plan.

Cyborg Score Rationale

The company demonstrates strong financial returns with an ROE of 29.33% and ROIC of 18.10%. With revenue of SEK 22.60 billion and profits of 2.07 billion in the last 12 months, Addtech demonstrates solid profitability. The high forward PE ratio of 35.51 reflects market confidence, though valuation warrants monitoring.

Top Insights

  • Operates through five business segments: Automation, Electrification, Energy, Industrial Solutions, and Process Technology
  • Combined, the 150 companies have a broad and stable customer base and aspire to lead in growing niche markets
  • Maintains a healthy balance sheet with a current ratio of 1.66 and Debt/Equity ratio of 0.78
  • Recently acquired AXION in November 2025, demonstrating continued M&A momentum

Named Competitors

  • Lagercrantz Group — Swedish industrial technology company
  • Bergman & Beving — Swedish technical solutions distributor
  • NGK Insulators — Industrial components manufacturer

Recent Developments

  • (November 2025) Acquired AXION, an electronic equipment and instruments company
  • (2024-2025) Delivered profitable and sustainable growth despite global uncertainty
  • (Historical) Originated from Bergman & Beving, founded in 1906, separated into three entities in 2001

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