ImpulseRadar recently announced its acquisition by Swedish technology solutions group Addtech. Effective 4 April 2022, Addtech Industrial Solutions, a business area in the Addtech Group, has acquired 88% of the shares outstanding in Impulseradar Sweden AB.
“ImpulseRadar complements Addtech’s existing operations within the Industrial Solutions business area, specifically the infrastructure segment. We are delighted to conclude the signing and welcome them to the Addtech Group.” explained Daniel Prelevic, Business Area Manager, for Addtech Industrial Solutions.
The ImpulseRadar management team will stay intact and commented on the deal saying: “By becoming part of the Addtech network, we can accelerate our impressive growth journey to take ImpulseRadar to the next level. With a strong owner to support our strategy, we aim to capitalise on our current market position and expand more effectively internationally. Importantly, there will be no changes to our current operations or sales distribution network.”
