Addtech has acquired Peter Andersson AB, known as Andersson System, to enhance its offerings in energy-efficient electrical products.
Target Information
Peter Andersson AB, commonly known as Andersson System, is a family-owned company established in 1952 by Tage Andersson. Originally focused on the production of plug sockets and power strips, the company has since evolved under the ownership of Peter Andersson since 1985, providing efficient and cost-effective technology and accessories for workplaces, conference tables, and kitchens.
Andersson System specializes in both commercial and proprietary products related to electrical accessories tailored for office and kitchen environments within the Swedish and Norwegian markets. The company distributes its products through retailers dealing in office furniture, office interiors, audiovisual equipment, IT accessories, and kitchen furnishings. With a workforce of nine employees, Andersson System generates an annual revenue of approximately 30 million SEK.
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Industry Overview
In Sweden, the electrical accessories market is witnessing significant growth, driven by advancements in technology and increasing demand for energy-efficient solutions. As businesses and consumers alike seek ou
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Disclosed details
Revenue: $3M