Sittab
Stage
Acquired | AcquiredAbout Sittab
Sittab is a niche company that delivers ergonomic solutions to driver seats mainly to construction equipment and buses. The product range includes arm- and headrest, turntables and joystick boxes which contributes to efficient and improved operator comfort. The company has an established distributor network and has own operations in Sweden, the USA and China.
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Latest Sittab News
Sep 12, 2013
STOCKHOLM--( BUSINESS WIRE )--Regulatory News: Addtech Industrial Solutions (STO:ADDTB), a business area in the Addtech Group, has today signed an agreement to acquire all shares outstanding in Sittab AB. Sittab is a niche company that delivers ergonomic solutions to driver seats mainly to construction equipment and buses. The product range includes arm- and headrest, turntables and joystick boxes which contributes to efficient and improved operator comfort. The company has an established distributor network and has own operations in Sweden, the USA and China. The headquarter is in the village of Gustafs, Sweden. Sittab will very effectively complement Addtech's operations within the business unit Customised Solutions. Sittab has 26 employees and sales of around SEK 65 million. The closing is estimated to take place in the beginning of October 2013 and the acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year. Stockholm, September 12, 2013 This information was brought to you by Cision http://news.cision.com Contacts
Sittab Frequently Asked Questions (FAQ)
Where is Sittab's headquarters?
Sittab's headquarters is located at Industrivägen 10, Gustafs.
What is Sittab's latest funding round?
Sittab's latest funding round is Acquired.
Who are the investors of Sittab?
Investors of Sittab include Addtech.
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