Addnode Group – financing for continued
expansion and technology development
Over the past two decades, Addnode Group has grown into a global digital solutions group, with a strong combination of organic growth and strategic acquisitions. Today, Addnode consists of around 20 companies, operates in 20 countries on five continents and has approximately 65 percent of its sales outside Sweden.
Financing that enables acquisitions and international expansion
The group delivers digital solutions to companies and public organizations and employs around 3,000 employees globally. The business model is based on acquiring, developing and long-term owning stable profitable companies that contribute to digitalization in various industries.
An important step in Addnode’s continued international expansion was the acquisition of Canadian SolidCAD, a leading supplier of software for design and manufacturing and the largest partner of Autodesk in Canada. The acquisition was made possible through an expanded credit line where SEK, together with Nordea and SEB, contributed with a long-term financing solution.
The expanded credit line strengthens Addnode’s financial freedom of action and creates room for continued growth, both through further acquisitions and in the ongoing operations. The collaboration with SEK and the commercial banks has been characterized by close dialogue and a good understanding of the group’s international operations and strategic ambitions.
Facts
- Offer and purpose: Operating financing for acquisitions and operations
- Credit limit: Skr 3,700 million
- Term: 3 years, with possibility of extensions (1+1 year)
- Borrower: Addnode Group AB
Do you want to know more?
Alexandra Carlbom, Client Executive
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