Addtech to acquire an 89% stake in CGV.

Addtech, a technology trading company, agreed to acquire an 89% stake in CGV, a supplier of machinery and production lines for wood handling. Financial terms were not disclosed. “We were looking for a long-term partner who had the expertise to develop CGV into the future. We have grown a lot and intend to continue growing. Joining a group like Addtech that is used to acquiring and running entrepreneurially founded companies feels secure,” Jonas Gunnarsson, CGV CEO.