Stockholm, March 16, 2016 — Nasdaq (Nasdaq: NDAQ) announced that AddLife AB (short name: ALIF B), a mid cap company within the health care sector, has started trading of its shares on the main market of Nasdaq Stockholm. AddLife is the 8th company to list at Nasdaq’s Nordic markets* in 2016.
Established as a spin-off of Addtech’s life science business unit, AddLife is an independent player in the Nordic life science market. The company markets and sells instruments, equipment, consumables and related services to the private and public health care sector in the Nordics. AddLife consists of around 25 subsidiaries operating within two business areas: LabTech and MedTech. Headquartered in Stockholm, Sweden, AddLife and its subsidiaries currently employ around 425 people. For more information, please visit www.add.life.
“Today's listing of AddLife means that we’re now a stand-alone company, a defined Life Science player, in the Nordic countries,” said Kristina Willgård, CEO of AddLife AB. “It’s our opening-day on the stock exchange but AddLife has a hundred year old history as a spin-off from Bergman & Beving and Addtech. We’ll now be able to fully focus on continuous profitable growth, both organically and through acquisitions. Independent players within the Life Science sector are well-needed in order to meet the increasing market demand and the challenges that the healthcare sector is facing.”
“We welcome AddLife to our Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We congratulate AddLife on its listing, and we look forward to supporting the company with the increased investor exposure that comes with a main market listing.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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