successful entrepreneurial companies on a large scale
The Group has about 2,300 employees in around 120 subsidiaries. Freedom with responsibility is the core principle that applies throughout Addtech's decentralised organisation as we are convinced that the best business decisions are made close to the customer and the market.
ORGANISATION THAT PROMOTES EFFICIENCY AND DEVELOPMENT
Addtech works actively to utilise the organisation as efficiently as possible and its companies cooperate with one another to varying degrees. The organisation is structured into four business areas: Components, Energy, Industrial Process and Power Solutions. Addtech’s business areas consist of a number of business units corresponding to different market segments. The task of each business unit is to identify and capitalise on business opportunities in their respective market segments and create exchanges between subsidiaries. The business units therefore form the basis for Addtech’s strategy in which success factors are based on combining the flexibility, personality and efficiency of a small company with the resources, networks and long-term approach of a large business.
DEVELOPMENT OPPORTUNITIES FOR SUBSIDIARIES
The independence of the subsidiaries is crucial in recruiting and retaining talented employees and entrepreneurs. Addtech does not micromanage its companies. Instead, it exercises active ownership through Board work and financial follow-up. Every subsidiary has a good foundation for growth and development of its business, in the form of both support from its Board of Directors and via a range of common Group tools. These tools are available in areas that contribute to the subsidiaries’ efficiency and profitability, including law, accounting and finance, training, quality management, sustainability and IT systems, as well as in framework agreements (master contracts) for the purchase of services.
MARKET LEADER IN SELECTED NICHES
The common denominator of the subsidiaries’ business concepts is that they market and sell technology products in selected niches. Irrespective of whether the subsidiaries conduct technology trading or their own production operations, Addtech is a technology partner and specialist that helps its customers find the right technical solution and product. The subsidiaries’ technological capabilities, long-term customer relationships and a good understanding of customers’ business have led to cooperation with a large number of world-leading companies.